Renfro rentals has issued bonds that have a 10 coupon rate


Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds?

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Finance Basics: Renfro rentals has issued bonds that have a 10 coupon rate
Reference No:- TGS0594677

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