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Winn Company's bonds mature in 8 years, have a par value of $4,000, and have an annual coupon rate of 9%. The market requires an
Winn Company's bonds mature in 8 years, have a par value of $4,000, and have an annual coupon rate of 9%. The market requires an interest rate of 7.88% on these bonds. What is the bond's price? N= I/Y=% (enter as you would on calculator, 10.25 for 10.25% ) PV=$ PMT =$ FV=$
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