The interest rate for similar bonds is currently

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Reference no: EM131346282

BA Corp is issuing a 10-year bond with a coupon rate of 9.94 percent. The interest rate for similar bonds is currently 5.57 percent. Assuming annual payments, what is the value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM131346282

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