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Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 2 0 . 0 0 year maturities with
Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have year maturities with a coupon rate of APR with semiannual coupon payments assume a face value of $ on the bond
The current market rate for similar bonds is APR. The company hopes to raise $ million with the new issue.
Based on the current market rate, what will a new bond sell for?
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