A firm has an issue of 1000 par value bonds with a 11


A firm has an issue of $1,000 par value bonds with a 11 percent stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, the firm's bond will sell for ________ today.

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Financial Management: A firm has an issue of 1000 par value bonds with a 11
Reference No:- TGS0976985

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