One year ago a company 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...

One year ago a company issued 15-year, noncallable, 7.5% annual coupon bonds<br>at their par value of $1,000. Today, the market interest rate on these bonds is<br>5.5%. What is the current price of the bonds, given that they now have 14 years<br>to maturity? *<br>$1,162.00<br>$1,191.79<br>$1,132.95<br>$1,077.01<br>$1,104.62<br>

Extracted text: One year ago a company 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? * $1,162.00 $1,191.79 $1,132.95 $1,077.01 $1,104.62

Jun 07, 2022

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One year ago a company 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...

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