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Business, 18.01.2021 21:00 lelliott86

Assume that Bunch Inc. has an issue of 18-year $1,000 par value bonds that pay 7% interest, annually. Further assume that today's expected rate of return on these bonds is 5%. How much would these bonds sell for today

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Assume that Bunch Inc. has an issue of 18-year $1,000 par value bonds that pay 7% interest, annually...
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