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What selling price for units of bonds would most probably be

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Reference no: EM132935619

Problem 1: ABC Company issued bonds with par value of ?1,000 and annual coupon of 5.5%. The bonds which mature in 10 years were sold at the current market interest rate is 7.0%. The selling price for 65 units of bonds would most probably be nearest to

a.?59,606

b.?58,152

c.?56,698

d.?55,281

e.?53,899

Reference no: EM132935619

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