Due to numerous lawsuits major chemical manufacturer has, Financial Management

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Due to numerous lawsuits major chemical manufacturer has

Due to numerous lawsuits, major chemical manufacturer has recently experienced a market reevaluation. The firm has 15-year, 8% coupon bond, paid semiannually and par value of $1,000. The required nominal rate (yield) on this debt has now risen to 10%. What is the current price of this bond?

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Financial Management: Due to numerous lawsuits major chemical manufacturer has

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