The snatch company has outstanding bonds with a coupon rate


The Snatch Company has outstanding bonds with a coupon rate of 7.75% and semi-annual payments. The bonds are redeemable on June 30, 2035. If Bobby can earn 5.5% on comparable investments and settle the transaction on August 9, 2015, how much should he be willing to pay per $100 of face value for the bond?

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Financial Management: The snatch company has outstanding bonds with a coupon rate
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