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    Renfro Rental

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    Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?

    © BrainMass Inc. brainmass.com June 4, 2020, 1:53 am ad1c9bdddf
    https://brainmass.com/business/bond-valuation/renfro-rental-425536
    $2.19

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