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Business, 03.04.2020 22:07 leelee85503

Last year, TheSpot Corp issued 7.5 percent annual coupon, non-callable 20-year bonds at their par value of $1,000. Today, the YTM on these bonds is 5.5 percent. What is the current price of the bonds?

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Last year, TheSpot Corp issued 7.5 percent annual coupon, non-callable 20-year bonds at their par va...
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