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bmh12e bmh12e
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3 months ago
Two years ago, St. Laurent Shippers Co. issued seven-year semi-annual pay bonds with a coupon rate of 8%. At issue, the yield to maturity was 7.5%. Today the market rate on the bonds is 9%. If you wished to purchase this bond today what price would you be willing to pay?

▸ $960.44

▸ $1,026.85

▸ $948.89

▸ $1,020.53
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Corporate Finance

Corporate Finance


Edition: 5th
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Gimor1220Gimor1220
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