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Prestige Manufacturing Co . has a series of $ 1 , 0 0 0 par value bonds outstanding. Each bond pays interest semi - annually
Prestige Manufacturing Co has a series of $ par value bonds outstanding. Each bond pays interest semiannually and carries a coupon rate of Some bonds are due in years while others are due in years. If the required rate of return on bonds is what is the current price of:
A the bonds with years to maturity?
B the bonds with years to maturity?
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