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Fresh Water, Inc. sold an issue of 29-year $1,000 par value bonds to the public. The bonds have a 11.54 percent coupon rate and pay
Fresh Water, Inc. sold an issue of 29-year $1,000 par value bonds to the public. The bonds have a 11.54 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 8.56 percent. What is the current market price of the bonds? Round the answer to two decimal places. Your Answer: Question 3 options
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The Complete Direct Investing Handbook
Authors: Kirby Rosplock
1st Edition
1119094712, 978-1119094715
