Answered: A bond that matures in 6 years has a…

A bond that matures in 6 years has a par value of $1,000, an annualcoupon payment of $80, and a market interest rate of 9%. What isits price? ($955.14)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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A bond that matures in 6 years has a par value of $1,000, an annual
coupon payment of $80, and a market interest rate of 9%. What is
its price? ($955.14)

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