Gdebi inc plans to issue 47 percent coupon bonds with, Financial Management

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Gdebi inc plans to issue 47 percent coupon bonds with

GDebi, Inc. plans to issue 4.7 percent coupon bonds, with annual coupon frequency, 17 years to maturity and $1000 face value. If the prevailing market yield on bonds of similar riskiness and maturity is 9.5 percent, what would be the market price of GDebi's bonds?

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