The interest rate for similar bonds is currently 684


BA Corp is issuing a 10-year bond with a coupon rate of 6.53 percent. The interest rate for similar bonds is currently 6.84 percent. Assuming annual payments, what is the value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)

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Financial Management: The interest rate for similar bonds is currently 684
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