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Business, 16.04.2020 03:32 LearningZone

Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell?

$844.62

$979.40

$736.80

$1,006.36

$898.53

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Answers: 3

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Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1...

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