Market interest rates on similar bonds are 869 percent


Swim Factory has a $1,000 par value, 16-year to maturity bond outstanding with an annual coupon rate of 10.56 percent per year, paid semiannually. Market interest rates on similar bonds are 8.69 percent. Calculate the bond's price today.

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Finance Basics: Market interest rates on similar bonds are 869 percent
Reference No:- TGS02651927

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