The bonds have a 4 percent coupon rate payable semiannually
The bonds have a 4 percent coupon rate, payable semiannually, and a par value of $1,000. They mature on January 1, 2014. The yield to maturity is 10 percent, so the bonds now sell below par. What is the current market value of the firm's debt?
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the bonds have a 4 percent coupon rate payable semiannually and a par value of 1000 they mature on january 1 2014 the
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