At what price will the bonds sell in the marketplace

Reference no: EM13268146

The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 9.09 percent. Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 9.09 percent. At what price will the bonds sell in the marketplace.

Reference no: EM13268146

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