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Minimum Selling Price Assignment | Top Universities

Author:
February 13th, 2020

Tahani wants to sell a bond that has a face value of $1,000.

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The bond has a coupon rate of 6% payable semiannually. Five years ago, he paid $880 for the bond. She requires at least an 8% return on this investment. What must be the minimum selling price? Answer: $942.47. Get Accounting Homework Help Today.

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