Company x sold an issue of bonds with a 20-year maturity a
Company X sold an issue of bonds with a 20-year maturity, a $1000 par value, an 8% coupon rate, and annual interest payments. 8 years after issue, the going rate of interest on comparable bonds rose to 10%. At what price would the bonds sell?
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company x sold an issue of bonds with a 20-year maturity a 1000 par value an 8 coupon rate and annual interest payments
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