Business, 20.12.2019 23:31 jae5547

One year ago lerner and luckmann co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. today, the market interest rate on these bonds is 5.5%.
what is the current price of the bonds, given that they now have 14 years to maturity?

a) $1,077.01 b) $1,104.62 c) $1,132.95 d) $1,162.00 e) $1,191.79

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One year ago lerner and luckmann co. issued 15-year, noncallable, 7.5% annual coupon bonds at their...

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