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Price today for a delicious mills bond

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Reference no: EM131337488

17 years ago, Delicious Mills, Inc issued 30-year to maturity bonds that had a 10.68 percent annual coupon rate, paid semiannually. The bonds had a $1000 face value. Since then, interests rates in general have changed and the yield to maturity on the delicious bonds is now 10.18%. Given this information, what is the price today for a delicious Mills bond?

Reference no: EM131337488

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