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Find what is the price of the bonds for renfro

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Reference no: EM132950647

Problem 1: Renfro rentals has issued bonds that have 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1000 and a yield to maturity of 6%. What is the price of the bonds?

Reference no: EM132950647

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