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How do solve the bond price today for general mills

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Reference no: EM133010649

Problem 1: General mills gas a $1,000 par value, 22- year to maturity bond outstanding with an annual coupon rate of 9.72 percent per year, paid semiannually. Market interest rates on similar bonds are 11.95 percent. Calculate the bond's price today.

Reference no: EM133010649

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