Compute the value of pet food company bonds

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Finance: Value of the Bond Semi-Annually)

Question

Pet Food Company bonds pay an annual coupon rate of 8.62 percent. Coupon payments are paid semiannually. Bonds have 9 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 11.52 percent.

Reference no: EM131380301

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Compute the value of pet food company bonds : Coupon payments are paid semiannually. Bonds have 9 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 11.52 percent.
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