Business
Business, 18.02.2020 19:56, petriajack8375

The bonds have a 8.3% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity is 11%, so the bonds now sell below par. What is the current market value of the firm's debt?

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The bonds have a 8.3% coupon rate, payable semiannually, and a par value of $1,000. They mature exac...

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