The yield to maturity is 12 so the bonds now sell below par


Abc has bonds which have a 4.0% coupon ater,payable semiannually,and a par value of $1000.They mature exactly 10 years from today. The yield to maturity is 12%, so the bonds now sell below par. What is the current market value of the firm's debt?

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Financial Management: The yield to maturity is 12 so the bonds now sell below par
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