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Te bonds pay 685 interest semi-annually todays required

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A Corporation sold an issue of 15 year $1000 par bonds to build new buildings. The bonds pay 6.85% interest, semi-annually. Today's required rate of return is 8.35%. How much should these bonds sell for today - rounded to the nearest $1?

Reference no: EM13568316

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Te bonds pay 685 interest semi-annually todays required : a corporation sold an issue of 15 year 1000 par bonds to build new buildings. the bonds pay 6.85 interest
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