Nunavet ocean cruises sold an issue of 12-year 1 000 par
Nunavet Ocean Cruises sold an issue of 12-year $1, 000 par bonds to build new ships. The bonds pay 4.85% interest, semiannually. Today's required rate of return is 9.7%. How much should these bonds sell for today?
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nunavet ocean cruises sold an issue of 12-year 1 000 par bonds to build new ships the bonds pay 485 interest
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