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What price would you expect to be able to sell

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Reference no: EM132748132

Question - You are considering selling your holding of Creative Finishing Corporation bonds. When originally issued these bonds were 10 years, $1,000 face value, 5% coupon bonds. Their yield to maturity was 6%. The bonds now have 8 years in remaining until maturity. Currently a bond of comparable risk is priced to provide a yield to maturity of 8% with a $1,000 face value and a 6.5% coupon. What price would you expect to be able to sell each Creative Finishing Corporation bond for?

Reference no: EM132748132

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