Quantitative problem potter industries has a bond issue, Financial Management

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Quantitative problem potter industries has a bond issue

Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 7.2%, what is the value of the bond? Round your answer to the nearest cent.

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Financial Management: Quantitative problem potter industries has a bond issue

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Financial Management: Quantitative problem potter industries has a bond issue

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