Determine what is the pure bond value

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Question: Rorals Corporation has a convertible bond outstanding. The par value is $1,000, the coupon rate is 9%, and the bond matures in 25 years. If similar bonds, which are not convertible, are currently yielding 12%, what is the pure bond value? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132074880

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