Question
Rex Healthcare recently issued a bond with a 30-year maturity, an annual coupon rate of 10 percent, a face value of $1,000, and semiannual interest
Rex Healthcare recently issued a bond with a 30-year maturity, an annual coupon rate of 10 percent, a face value of $1,000, and semiannual interest payments. If the current rate of interest is a 9 percent yield to maturity on this investment, what is the current price of the bond?
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
7th Edition
0073526746, 978-0073526744
