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stranahan stranahan
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7 years ago
Five years ago, Thompson Tarps Inc. issued twenty-five-year 10% annual coupon bonds with a $1,000 face value each. Since then, interest rates in general have risen and the yield to maturity on the Thompson bonds is now 12%. Given this information, what is the price today for a Thompson Tarps bond?
A) $843.14
B) $1,170.27
C) $1,181.54
D) $850.61
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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SpoiledBeefSpoiledBeef
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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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#3
4 years ago
Thank you!
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#4
4 years ago
thank you
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#5
3 years ago
thank u
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#6
3 years ago
Thank you so much!
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#7
3 years ago
thankyou
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