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Business, 06.04.2021 04:50 Hazy095

Umbarra Company bonds have a stated coupon rate of 5% and pay interest on an annual basis. They mature in 18 years and have a par value of $1,000. The market rate of interest on similar debt is 8%. The value of Umbarra bonds is (round to the nearest dollar).

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Umbarra Company bonds have a stated coupon rate of 5% and pay interest on an annual basis. They matu...

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