Solved: General mills has a 1000 par value 26-year to maturity bond, Finance Basics

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General mills has a 1000 par value 26-year to maturity bond

Finance: Value of the Bond Semi-Annually

Question

General Mills has a $1,000 par value, 26-year to maturity bond outstanding with an annual coupon rate of 10.00 percent per year, paid semiannually. Market interest rates on similar bonds are 9.14 percent. Calculate the bond's price today.

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Finance Basics: General mills has a 1000 par value 26-year to maturity bond

Reference No:- TGS02175611

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Finance Basics: General mills has a 1000 par value 26-year to maturity bond

Reference No:- TGS02175611

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