Power of tower inc has bonds that mature in 6frac12 years


Power of Tower Inc. has bonds that mature in 6½ years with a par value of $1,000. They pay a coupon rate of 9% with semiannual payments. If the required rate of return on these bonds is 11% what is the bond's current value?

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Finance Basics: Power of tower inc has bonds that mature in 6frac12 years
Reference No:- TGS0601311

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