What is the market price of a face value

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Another option for financing is to call in the outstanding bonds you have issued and obtain a loan with more favorable terms than the bonds you would issue. Presently, the company has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually.

What is the market price of a $1,000 face value bond if the current rate of interest is 12.9%?

Reference no: EM132056932

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