three years ago sssg ltd issued 10 years 1000


three years ago, SSSG Ltd. issued 10 years $1000 bonds with a 7% coupon rate paid semi-annually, at par value. the market currently requires a 9% yield. what was the price of bond at issue?

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Financial Management: three years ago sssg ltd issued 10 years 1000
Reference No:- TGS0374363

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