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Price of the Bonds Assignment | Homework For You

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June 2nd, 2020

D. J. Masson Inc. recently issued non-callable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5%. If the current market interest rate is 7.0%, at what price should the bonds sell?Homework For You

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Question 9 options:

1) $829.21
2) $850.47
3) $872.28
4) $894.65
5) $917.01

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