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What the current market price of the company bonds

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Reference no: EM132960652

Question - Company CBA issued 10-year bonds four years ago with a coupon rate of 11.01 percent, paid semi-annually. At the time of issue, the bonds sold at par ($1000). Market rate of interest on similar bonds is 6.13 percent and interest payments are made semi-annually. What the current market price of the company's bonds?

Reference no: EM132960652

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