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In 2009, Health Food issued $50,000,000 of AA-rated 7 percent coupon 25- year bonds at par. A bond has a par value of $1,000 and
In 2009, Health Food issued $50,000,000 of AA-rated 7 percent coupon 25- year bonds at par. A bond has a par value of $1,000 and pays interest annually. a. Today, is the required return is 4 percent on similarly maturity and rated bonds, find the price of a Health Food bond. b. Using your answer from "a" determine your realized return if you had purchased a bond when issued and sold today for your "a
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