Ezco sold an issues of bonds with a 15-year maturity a 1000, Financial Management

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Ezco sold an issues of bonds with a 15-year maturity a 1000

EzCo. sold an issues of bonds with a 15-year maturity, a $1,000 face value, and a 10% coupon rate with interest being paid semiannually. Six years after the bonds were issued, the market rate of interest on bonds such as those rose to 14%. At what price would the bonds sell (assume it is six years after issue)?

Selling price?

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Financial Management: Ezco sold an issues of bonds with a 15-year maturity a 1000

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Financial Management: Ezco sold an issues of bonds with a 15-year maturity a 1000

Reference No:- TGS02295530

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