The bonds were issued with a 60 percent coupon rate paid


A major retailer is reevaluating its bonds since it is planning to issue a new bond in the current market. The firm's outstanding bond issue has 8 years remaining until maturity. The bonds were issued with a 6.0 percent coupon rate (paid semiannually) and a par value of $1,000. The required rate of return is 4.50 percent. What is the current value of these securities?

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Finance Basics: The bonds were issued with a 60 percent coupon rate paid
Reference No:- TGS0633826

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