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    Bond Valuation

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    Company's bonds mature in ten years, have a par value of 1,000 and an annual coupon payment of $80 the market interest rate for bonds is 9%. What is the price of these bonds?

    A. 935.82
    B.941.51
    C. 958.15
    D. 964.41
    E. 979.53

    © BrainMass Inc. brainmass.com June 3, 2020, 9:41 pm ad1c9bdddf
    https://brainmass.com/business/bond-valuation/bond-valuation-194625

    Solution Summary

    The solution explains how to calculate the market price of bonds

    $2.19

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