Abc corporation issued 20-year noncallable 74 annual coupon, Financial Management

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Abc corporation issued 20-year noncallable 74 annual coupon

ABC Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 6.5%. What is the current price of the bonds, given that they now have 19 years to maturity?

A. $1,041.34

B. $990.04

C. $717.79

D. $1,096.61

E. $1,220.55

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Financial Management: Abc corporation issued 20-year noncallable 74 annual coupon

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Financial Management: Abc corporation issued 20-year noncallable 74 annual coupon

Reference No:- TGS01466198

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