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Regatta Ltd has six-year bonds outstanding that pay an 8.25 percent coupon rate. The par value of the bond is $1000. Investors buying the bond
Regatta Ltd has six-year bonds outstanding that pay an 8.25 percent coupon rate. The par value of the bond is $1000. Investors buying the bond today can expect to earn a yield to maturity of 6 percent. What should the company's bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.) A. $923 B. $1,110 C. $1,014 D. $972
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