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What is the current value of the bond for abc coprration

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Problem 1: " ABC " Coprration has a bond issue outstanding with fifteen years to maturity and a coupon rate of 8 % , with interest paid semiannually . As a result of the numerous lawsuits that are related to lethal wastes , the company has undergone a market reevaluation. In response to the revaluation, the required nominal rate on this debt has now risen by an additional 8 %. What is the current value of this bond?

Reference no: EM132765089

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