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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swim factory has a 1000 par value 16-year to maturity bond outstanding with an annual coupon rate of 1056 percent per
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