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please work out without excel QUESTION 1 McDowell's has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate
please work out without excel
QUESTION 1 McDowell's has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 13.0% and the current yield to maturity is 9.0%, what is the firm's current price per bond? O $1,642 O $1,140 $2,364 $1,970 $1,368 Step by Step Solution
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