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stranahan stranahan
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8 years ago
Petty Productions Inc. recently issued 30-year $1,000 face value, 12% annual coupon bonds. The market discount rate for this bond is only 7%. What is the current price of this bond?
A) $1,620.45
B) $1,000.00
C) $597.24
D) $387.59
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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FatherHyenaFatherHyena
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8 years ago
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stranahan Author
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#2
8 years ago
Thank you very much for this. It's really helpful.
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#3
6 years ago
thank you
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#4
4 years ago
thank you
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