Question
Six years ago, Colt, Inc. sold an issue of 30-year, $1,000 par value bonds. The coupon rate of 5.25% is payable annually. Investors presently require
Six years ago, Colt, Inc. sold an issue of 30-year, $1,000 par value bonds. The coupon rate of 5.25% is payable annually. Investors presently require a rate of return of 8.66%. What is the current market price of the bonds? Round off to the nearest $1.
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Fundamentals Of Electric Circuits
Authors: Matthew Sadiku, Charles Alexander
3rd Edition
9780073301150
