Matrix corp class b bonds have a 10-year maturity 1000 par


Question: Matrix Corp Class B bonds have a 10-year maturity, $1,000 par value, and a 6% coupon paid semiannually. These bonds are currently traded at their par value. Matrix's Class A bonds have the same risk, maturity, and par value, but the Class A bonds pay a 4 % annual coupon. What should be the price of "A" bonds in the market?

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Finance Basics: Matrix corp class b bonds have a 10-year maturity 1000 par
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