Crossdyme corporation issued 20-year noncallable 74 annual, Financial Management

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Crossdyme corporation issued 20-year noncallable 74 annual

Crossdyme Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? 1. $1,266.98 2. $1,165.62 3. $1,220.55 4. $1,507.70 5. $1,114.94

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Financial Management: Crossdyme corporation issued 20-year noncallable 74 annual

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Financial Management: Crossdyme corporation issued 20-year noncallable 74 annual

Reference No:- TGS01161351

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