What is the current price of the bonds

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Reference no: EM131905399

Company XYZ is a for profit. The company has a series of $1000 par value bonds outstanding. Each bond pays interest semi-annually and carries an annual coupon rate of 6%. Some bonds are due in four years wh ole others are due in 10 years. If the required rate of return on bnonds is 9%, what is the current price of the bonds with 10 years to maturity?

Reference no: EM131905399

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