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How do I calculate the market value of long term debt? Long term debt is $30,000,000. 30,000 bonds at par value of $1000, annual coupon
How do I calculate the market value of long term debt? Long term debt is $30,000,000. 30,000 bonds at par value of $1000, annual coupon interest rate of 6%, 20 year maturity, and the rate of interest is 12% on new LT debt. That's the info I am given, how would I go about solving?
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