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stranahan stranahan
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7 years ago
Western Equipment Company will issue 30-year, semiannual bonds with an 8.0% coupon rate and a $1,000 par value. Bonds of similar risk and maturity are currently selling to yield 7.0% in the market place. What is the market price of one of the firm's new bonds? Use a financial calculator to determine your answer.
A) $886.88
B) $1,000.00
C) $1,124.09
D) $1,124.72
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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Decrepit_Decrepit_
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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