Tall manufacturing has a bond outstanding that was issued 9, Financial Management

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Tall manufacturing has a bond outstanding that was issued 9

Tall Manufacturing has a bond outstanding that was issued 9 years ago at 9% coupon rate semiannual payments. The $1,000 par value bond was originally issued with a term of 20 years. If today’s nominal interest rate is 4%, what is the value of the bond today?

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Financial Management: Tall manufacturing has a bond outstanding that was issued 9

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Financial Management: Tall manufacturing has a bond outstanding that was issued 9

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