Solved: The bonds pay semi-annual coupon payments at a coupon of 8, Basic Statistics

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The bonds pay semi-annual coupon payments at a coupon of 8

The Cardinal Corporation has bonds outstanding rate with 20 years to maturity and a par value of $1000. The bonds pay semi-annual coupon payments at a coupon of 8%. The yield to maturity (YTM) on these bonds is 9%. What price should the bonds sell for?

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Basic Statistics: The bonds pay semi-annual coupon payments at a coupon of 8

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