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Some co is planning to issue a 15-years the return required

Question - Some Co. is planning to issue a 15-years, $1,000 face-value bend that pays quarterly interest payments on an 8% annual coupon rate. The return required by bond holders is 7.2%.

What is the price of the bond?

$1,000.00

$944.12

$1,073.01

$988.74

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Accounting Basics: Some co is planning to issue a 15-years the return required

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Accounting Basics: Some co is planning to issue a 15-years the return required

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