Abc corp issued a 12 percent 20 year coupon rate bond 5


ABC Corp. issued a 12 percent, 20 year coupon rate bond 5 years ago. Interest rates are now 8 percent. The par value of the bond is $1,000. Based on semi-annual analysis, what is the current price of the bond?

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Financial Management: Abc corp issued a 12 percent 20 year coupon rate bond 5
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