Question
Question 2(1 point) Fresh Water, Inc. sold an issue of 29-year $1,000 par value bonds to the public. The bonds have a 11.37 percent coupon
Question 2(1 point)
Fresh Water, Inc. sold an issue of 29-year $1,000 par value bonds to the public. The bonds have a 11.37 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 11.24 percent. What is the current market price of the bonds?
Round the answer to two decimal places.
Your Answer:
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
