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Lilly's bonds mature in 10 years, have a par value of $1,000 and an annual coupon rate of $8%. The market interest rate for the
Lilly's bonds mature in 10 years, have a par value of $1,000 and an annual coupon rate of $8%. The market interest rate for the bonds is 9%. What is the price of these bonds?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
