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Calculate the price of these bonds fifteen years

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Finknautle, Inc. currently has the following sources of financing for its balance sheet. After analyzing each source of financing, answer the question associated with each.

Problem 1: An issue of $1,000 face value, 3% coupon bonds that mature in 25 years. Calculate the price of these bonds 15 years from now if market rates at that time are at 6%

Reference no: EM132735147

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