The current market rate of interest on the fresh water inc, Financial Management

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The current market rate of interest on the fresh water inc

Fresh Water, Inc. sold an issue of 3-year $1,000 par value bonds to the public. The bonds have a 8.02 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 12.63 percent. What is the current market price of the bonds?

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Financial Management: The current market rate of interest on the fresh water inc

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Financial Management: The current market rate of interest on the fresh water inc

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