Question
Grossnickle Corporation issued 20-year, noncallable, 7.5% semi-annual coupon bonds at their par value of $1,000 three year ago. Today, the market interest rate on these
Grossnickle Corporation issued 20-year, noncallable, 7.5% semi-annual coupon bonds at their par value of $1,000 three year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds?
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Handbook Of Project Finance For Water And Wastewater Systems
Authors: Michael Curley
1st Edition
0873714865, 978-0873714860
