Business, 29.03.2020 21:05, sistrunkbrittnorn5dz

Bonds issued at 15-year, noncallable, at 10% annual coupon bonds at par value of $1000. Today, the market interest rate is 5.5%. What is the current price of the bonds, if they now have 14 years to maturity?

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Bonds issued at 15-year, noncallable, at 10% annual coupon bonds at par value of $1000. Today, the m...