One year ago alpha supply issued 15-year bonds at par the, Financial Management

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One year ago alpha supply issued 15-year bonds at par the

One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5% and pay interest annually. Today, the market rate of interest on these bonds is 7.2%. How does the price of these bonds today compare to the issue price.

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Financial Management: One year ago alpha supply issued 15-year bonds at par the

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Financial Management: One year ago alpha supply issued 15-year bonds at par the

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