Abc inc bonds have a 1000 face value the promised annual, Financial Management

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Abc inc bonds have a 1000 face value the promised annual

ABC Inc. bonds have a $1,000 face value. The promised annual coupon is $71. The bonds mature in 10 years. There are 10 coupon payments of $71 each starting a year from now, and the last payment 10 years from now is coupon plus face.

The market’s required return for these bonds is 8%. What is the price of these bonds?

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Financial Management: Abc inc bonds have a 1000 face value the promised annual

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Financial Management: Abc inc bonds have a 1000 face value the promised annual

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