What would be the expected market price for the bond

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Question: The par value of the current 25-year 10% bond of PTR Ltd is $2,000. The bond has a remaining life of 12 years and the coupon is paid quarterly. The current market yield for a similar risky bond is 14.79%. What would be the expected market price for this bond? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132760078

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