Dexter mills issued 25-year bonds two year ago at a coupon


Dexter Mills issued 25-year bonds two year ago at a coupon rate of 10 percent. The bonds make semi annual payments. The nominal annual yield-to-maturity on these bonds is 9 percent. What is the current bond price?

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Financial Management: Dexter mills issued 25-year bonds two year ago at a coupon
Reference No:- TGS01093594

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