Market interest rates on similar bonds are 1203 percent
General Mills has a $1,000 par value, 14-year to maturity bond outstanding with an annual coupon rate of 8.64 percent per year, paid semiannually. Market interest rates on similar bonds are 12.03 percent. Calculate the bond's price today.
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general mills has a 1000 par value 14-year to maturity bond outstanding with an annual coupon rate of 864 percent per
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when would you prefer a daily compoundingwhen would you prefer annualwhere can you imagine difficulties for calculating
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