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Business, 20.09.2020 14:01 emory238

5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell

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5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value,...

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