Business, 26.09.2019 16:30 jadabugs8187
Katie pairy fruits inc. has a $2,500, 17-year bond outstanding with a nominal yield of 18 percent (coupon equals 18% × $2,500 = $450 per year). assume that the current market required interest rate on similar bonds is now only 12 percent. use appendix b and appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods.
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Katie pairy fruits inc. has a $2,500, 17-year bond outstanding with a nominal yield of 18 percent (c...
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