They have a par value of 1000 and an annual coupon of 9 if


Noncallable bonds that mature in 18 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of 9%. If the current market interest rate is 6%, at what price should the bonds sell?

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Finance Basics: They have a par value of 1000 and an annual coupon of 9 if
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