General mills has a 1000 par value 12 year bond outstanding


General Mills has a $1,000 par value, 12 year bond outstanding with an annual coupon rate of 3.60% per year paid semi annually. Market interest rates on similar bonds are 12.70%. Calculate the bonds price today.

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Financial Management: General mills has a 1000 par value 12 year bond outstanding
Reference No:- TGS0977120

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