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What is the current market price of the bonds
Course:- Business Economics
Reference No.:- EM132281440





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Assignment Help >> Business Economics

ABCD, Inc. has bonds outstanding that mature in 10 years, have a par value of $1,000, and have a coupon rate of 12% paid semiannually. They could issue similar bonds today with a coupon rate of 10%. What is the current market price of the bonds?




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