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What is the current price of a contrarian bond

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Reference no: EM132510027

Question 1: Contrarian Investments Corporation issued 18 percent junk bonds 3 years ago. The bonds have 17 years remaining until they mature. The current market rate of interest for this type of speculative debt remains at 18 percent. What is the current price of a Contrarian bond?

Reference no: EM132510027

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