Market interest rates on similar bonds are 1262 percent


Swim Factory has a $1,000 par value, 30-year to maturity bond outstanding with an annual coupon rate of 10.65 percent per year, paid semiannually. Market interest rates on similar bonds are 12.62 percent. Calculate the bond's price today.

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Finance Basics: Market interest rates on similar bonds are 1262 percent
Reference No:- TGS02686043

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