How much should these bonds sell for today round to two
A shipping company sold an issue of 14-year $1,000 par bonds to build new ships. The bonds pay 6.75% interest, compounded semiannually. Today's required rate of return is 8.7%. How much should these bonds sell for today? Round to two decimal places.
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you are looking at two bonds today one is a 1000 face value discount bond maturing in one year that sells for 850the
a shipping company sold an issue of 14-year 1000 par bonds to build new ships the bonds pay 675 interest compounded
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