What amount of principal to be paid at maturity

Reference no: EM131948262

Question: Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $830. They have 10 years remaining to maturity. The annual interest payment is 13 percent ($130).

Reference no: EM131948262

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