Pet food company bonds pay an annual coupon rate of 1483, Financial Management

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Pet food company bonds pay an annual coupon rate of 1483

Pet Food Company bonds pay an annual coupon rate of 14.83 percent. Coupon payments are paid semiannually. Bonds have 7 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 11.08 percent.

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Financial Management: Pet food company bonds pay an annual coupon rate of 1483

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