Six years after the bonds were issued the market rate of


EzCo. sold an issues of bonds with a 15-year maturity, a $1,000 face value, and a 10% coupon rate with interest being paid semiannually. Six years after the bonds were issued, the market rate of interest on bonds such as those rose to 14%. At what price would the bonds sell (assume it is six years after issue)?

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Finance Basics: Six years after the bonds were issued the market rate of
Reference No:- TGS0601042

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