Business, 28.01.2020 03:31 mateotrevino1

One year ago lerner and luckmann co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. today, the market interest rate on these bonds is 5.5%. what is the current price of the bonds, given that they now have 14 years to maturity?

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One year ago lerner and luckmann co. issued 15-year, noncallable, 7.5% annual coupon bonds at their...

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