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please show work and correct answer Can-Gox Company sold an issue of bonds with 10-year maturity, a $1,000 par value, 9% coupon rate, and semi
please show work and correct answer
Can-Gox Company sold an issue of bonds with 10-year maturity, a $1,000 par value, 9% coupon rate, and semi annual interest payments. A year after the initial offering, the going interest rate had risen to 12%. At what price would the bonds sel?? $748.99 $739.94 $837.59 $901.65Step by Step Solution
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