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- Moore Inc. has bonds outstanding with a $1,000 face value. The bonds have 6 years remaining to maturity. The bonds mature in 8 years
- Moore Inc. has bonds outstanding with a $1,000 face value. The bonds have 6 years remaining to maturity. The bonds mature in 8 years and require 8.5% semi-annual coupon interest be paid. a. What is the yield to maturity of Moore's bonds if the current market price of each bond is $946.50? b. What would the yield be if the current market price was $1,222.00? C. How much would you pay for each bond if your required rate of return for Moore's debt was 9.50%
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