You are called in as a financial analyst to appraise the bonds of Olsen's Clothing Stores. The
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Question:
You are called in as a financial analyst to appraise the bonds of Olsen's Clothing Stores. The $1,000 par value bonds have a quoted annual interest rate of 8 percent, which is paid semiannually. The yield to maturity on the bonds is 10 percent annual interest. There are 20 years to maturity
What is the price of the bonds based on semiannual analysis ?
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