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Nutcracker Corporations outstanding bonds have a $1,000 par value, a 12 percent coupon rate, 18 years to maturity, and an 8.5% current yield. What is
Nutcracker Corporations outstanding bonds have a $1,000 par value, a 12 percent coupon rate, 18 years to maturity, and an 8.5% current yield. What is the bonds price? a. $1,411.76 b. $1,361.49 c. $1,299.65 d. $1,258.63 e. $1,217.10
Please answer with values for a financial calculator. Thanks!
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