How much should carlson bonds sell for today

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Problem 1: Carlson Corp. bonds have a current yield of 14%, and a coupon rate of 9%. These bonds mature in 16 years and can be called away in 7 years at a 4% call premium. How much should Carlson bonds sell for today? Round intermediate steps to four decimals and your final answer to two decimals.

Reference no: EM132950705

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