The current market rate of interest on the bright sun bonds, Financial Management

The current market rate of interest on the bright sun bonds

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 8.18 percent coupon rate and paid interest annually. It is now 8 years later. The current market rate of interest on the Bright Sun bonds is 11.66 percent. What is the current market price (intrinsic value) of the bonds?

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Financial Management: The current market rate of interest on the bright sun bonds

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Financial Management: The current market rate of interest on the bright sun bonds

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