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How much should the company pay for this bond today

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Question - PJ Manufacturing has an outstanding bond with a $1,000 face value and a coupon rate of 6 percent. The bond has a remaining life of 15 years, pays semiannual coupons, and has a yield to maturity of 6.8 percent. How much should the company pay for this bond today?

Reference no: EM132946341

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