Question
Twenty-five-year B-rated bonds of Parker Optical Company were initially issued at a 18 percent yield. After 24 years the bonds have been upgraded to
Twenty-five-year B-rated bonds of Parker Optical Company were initially issued at a 18 percent yield. After 24 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 16 percent to maturity. Determine the price of the bonds with 1 years remaining to maturity. Price of the bonds
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
