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    Values of Bonds: Knapp Bros

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    A 30-year, $1,000 par value bond has a 9.5% annual payment coupon. The bond currently sells for $875,. If the yield to maturity remains at its current rate, what will the price be 9 years from now?

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    Your study guide is attached in the Excel file. Please take note of the following:

    1. GREY ...

    Solution Summary

    The value of bonds for Knapp Bros is determined.