Fix-it inc recently issued 10-year 1000 par face value

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Fix-It, Inc., recently issued 10-year, $1,000 par face value bonds at an 8% coupon rate.

a. 2 years later, similar bonds are yielding investors 6%. At what price are Fix-It's bonds selling?

b. What would the bonds be selling for if the yields had risen to 12%?

Reference no: EM13486129

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