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The 3 0 - year A - rated bonds of Polly Cracker Company were initially issued at a 1 0 percent yield ( paid semiannually
The year Arated bonds of Polly Cracker Company were initially issued at a percent yield paid semiannually After years, the bonds have been upgraded to AA Such bonds are currently yielding percent semiannual compounding Assume the par value of the bonds is $Determine the price of a Polly Cracker bond. Use a Financial calculator to arrive at the answer. Round the final answer to decimal places.Price of the bonds$
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