What is total market value of the firm debt

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A company has 4,000 bonds outstanding. Each bond has a face value of $1,000. The bonds have a yield to maturity of 5.6% p.a., and a coupon rate of 5% p.a. Coupons are paid annually and the bonds mature in eleven years' time.

What is total market value of the firm's debt?

Reference no: EM132686888

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