The bond pays interest semiannually

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The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 9.2% annual rate.

What is the bond's price today if the interest rate on comparable new issues is 12%? Round the answer to the nearest cent.

What is the price today if the interest rate is 8%? Round the answer to the nearest cent.

What is the price today if the interest rate is 9.2%? Round the answer to the nearest cent.

Reference no: EM131068922

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The bond pays interest semiannually : The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 9.2% annual rate. What is the bond's price today if the interest rate on comparable new issues is 12%? What is the price today..

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