Business, 05.05.2020 16:43 tiearahill2393

POZ Inc. is issuing bonds to finance a new project in Michigan. These bonds are being offered with a face value of $1000, a coupon rate of 8% per year (paid semiannually), and a maturity of 6 years. Find the pure price of each bond if the current market interest rate for similar financial assets is 6% per year (compounded semiannually). Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas.

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POZ Inc. is issuing bonds to finance a new project in Michigan. These bonds are being offered with a...

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