Connectix inc recently issued noncallable bonds that mature
Connectix Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 7.5%. If the current market interest rate is 7.7%, at what price should the bonds sell?
Now Priced at $10 (50% Discount)
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connectix inc recently issued noncallable bonds that mature in 10 years they have a par value of 1000 and an annual
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