Required rate of return on bonds

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A facility has an issue of 18 year old $1000 par value bonds that pay 7% interest, assume today's required rate of return on these bonds is 5%, how much would these bonds sell for today?

Reference no: EM131412904

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Required rate of return on bonds : A facility has an issue of 18 year old $1000 par value bonds that pay 7% interest, assume today's required rate of return on these bonds is 5%, how much would these bonds sell for today?
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