Determine the price of the bonds with 15 years remaining to, Financial Management

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Determine the price of the bonds with 15 years remaining to

Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 12 percent yield. After 15 years, the bonds have been upgraded to Aa2. Such bonds are currently yielding 14 percent to maturity. Use Table 16-2.

Determine the price of the bonds with 15 years remaining to maturity.

Price of the bonds

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Financial Management: Determine the price of the bonds with 15 years remaining to

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