Dr Nick

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About Dr Nick

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Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
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  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

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  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 16 Jul 2017 My Price 10.00

Homework #4B (Value of the Bond annually)

Finance

Question 2 (1 point)

 

Fresh Water, Inc. sold an issue of 21-year $1,000 par value bonds to the public. The bonds have a 9.40 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 9.58 percent. What is the current market price of the bonds?

Round the answer to two decimal places.

 

Answers

Dr Nick
(4)
Status NEW Posted 16 Jul 2017 07:07 PM My Price 10.00

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