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What should the bond sell for

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Question: Your broker offers to sell for $1150 a AAA rated bond with a coupon rate of 6% and a maturity of 8 years. Given that the interest rate on comparable debt is 4%, what should the bond sell for? Type number, no dollar signs, to nearest penny. (HInt: you are solving for PV). The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131949788

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