At what price should the bonds sell

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Question: Noncallable bonds that mature in 10 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of 5.5%. If the current market interest rate Is 70%. at what price should the bonds sell? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132019456

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