General mills has 1000 par value 12 year bond outstanding, Financial Management

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General mills has 1000 par value 12 year bond outstanding

General Mills has $1,000 par value, 12 year bond outstanding with an annual coupon rate of 3.60 per year, paid semi annually. Market interest rates on similar bonds are 12.70 percent. Calculate the bonds price today.

Round answer to two decimal places.

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Financial Management: General mills has 1000 par value 12 year bond outstanding

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Financial Management: General mills has 1000 par value 12 year bond outstanding

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