It is now five years later and the current market rate of


XYZ sold an issue of 30-year, $1,000 par value bonds to the public. The coupon rate of 9.25 % is payable annually. It is now five years later, and the current market rate of interest is 8.25%. What is the current market price (intrinsic value) of the bonds?

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Finance Basics: It is now five years later and the current market rate of
Reference No:- TGS02795045

Now Priced at $10 (50% Discount)

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