Business, 16.04.2020 03:32 LearningZone
Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell?
$844.62
$979.40
$736.80
$1,006.36
$898.53
Answers: 3
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