What was the bonds market price, Finance Basics

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What was the bonds market price

Question:

By July 1, 2015, the market yield on the Akers Company bonds described in E11–1 had risen to 10%.

Required:

1. What was the bonds’ market price on July 1, 2015?

Your answer must be, typed, double-spaced, Lucida Handwriting (size 12), one-inch margins on all sides, APA format and also include references.Write step by step solutions for the above question.

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