The gibson guitar company has a coupon bond outstanding, Financial Management

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The gibson guitar company has a coupon bond outstanding

The Gibson Guitar Company has a coupon bond outstanding that pays coupon interest of $120 per year and has 8 years to maturity. If the market rate for similar bonds is currently 14 %, what is the bond’s current market value? Also, what is the coupon rate? What is the current yield?

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Financial Management: The gibson guitar company has a coupon bond outstanding

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