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Business, 23.03.2020 16:32 astigall6360
Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?
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Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1...
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