Assess the bonds current market price
Question:
GE bonds have 10 years remaining to maturity. Interest is paid annually;they have a $1000 par value; the coupon interest rate is 8%; and the yield to maturity is 9%.What is the bond's current market price?
Now Priced at $20 (50% Discount)
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Interest is paid annually;they have a $1000 par value; the coupon interest rate is 8%; and the yield to maturity is 9%. What is the bond's current market price
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