Pet food company bonds pay an annual coupon rate of 792, Financial Management

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Pet food company bonds pay an annual coupon rate of 792

Pet Food Company bonds pay an annual coupon rate of 7.92 percent. Coupon payments are paid semiannually. Bonds have 14 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 8.49 percent.

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Financial Management: Pet food company bonds pay an annual coupon rate of 792

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