Outstanding bonds that will mature in six years

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Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,057.78 today and your required rate of return was 6.19 percent. (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25.) Worth of the bond $ Did you pay the right price for the bond?

Reference no: EM132042902

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