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Saul Goodman holds SABEL Ltd. bonds. The face value for SABEL Ltd. bonds is $250,000 and has a 6% annual coupon rate. The 6% annual
Saul Goodman holds SABEL Ltd. bonds. The face value for SABEL Ltd. bonds is $250,000 and has a 6% annual coupon rate. The 6% annual coupon bonds matures in 2035, and it is now 2020. Interest on these bonds is paid annually on December 31 of each year. New annual coupon bonds with a similar risk and maturity are currently yielding 10%.
If he needs to sell the bonds, for how much would Saul sell his bonds today?
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