1 answer

Do you the solution for below problem

Question:

D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annualcoupon of 5.5%. If the current market interest rate is 7.0%, at what price should the bonds sell?

Answer

//
a.$829.21
b.$850.47
c.$872.28
d.$894.65
e.$917.01

Answers

D) (Used TI BAII to get answer).

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