Suppose that todays date is 852004 what should the current, Financial Management

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Suppose that todays date is 852004 what should the current

Consider the following details for a bond issued by Bravo Incorporated:

Issue Date 8/5/2000

Maturity Date 8/5/2030

Annual Coupon Rate (semi-annual coupons) 9%

Face Value $1,000

Suppose that today’s date is 8/5/2004, what should the current trading price by for this bond if investors want a 12% annual return?

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Financial Management: Suppose that todays date is 852004 what should the current

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Financial Management: Suppose that todays date is 852004 what should the current

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