Question
Fresh Water, Inc. sold an issue of 11-year $1,000 par value bonds to the public. The bonds have a 9.82 percent coupon rate and pay
Fresh Water, Inc. sold an issue of 11-year $1,000 par value bonds to the public. The bonds have a 9.82 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 8.54 percent. What is the current market price of the bonds?
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Derivatives And Internal Models
Authors: Hans Peter Deutsch, Mark W. Beinker
5th Edition
3030229017, 9783030229016
