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    Rentro Rentals Bond Maturation Example Question

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    Rentro 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?

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    https://brainmass.com/business/business-math/rentro-rentals-bond-maturation-example-question-452435

    Solution Summary

    The solution determines the price of bonds.

    $2.19