Question
In 2009, you purchased a $1,000 par value corporate bond with an interest rate of 8 percent. Today, comparable bonds are paying 6.75 percent.
In 2009, you purchased a $1,000 par value corporate bond with an interest rate of 8 percent. Today, comparable bonds are paying 6.75 percent. What is the approximate dollar price for which you could sell your bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Approximate market value
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
