Current price of the bonds of grossnickle corporation, Finance Basics

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Current price of the bonds of grossnickle corporation

Grossnickle Corporation issued 20-year, noncallable, 7.8% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?

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Finance Basics: Current price of the bonds of grossnickle corporation

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Finance Basics: Current price of the bonds of grossnickle corporation

Reference No:- TGS053683

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Recent Questions Asked Finance Basics

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Finance Basics: Current price of the bonds of grossnickle corporation

Reference No:- TGS053683

Recent Questions Asked Finance Basics

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