TaiyoTheKid352 TaiyoTheKid352

24-05-2023
Business

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Pet Food Company bonds pay an annual coupon rate of 9.03 percent. Coupon payments are paid semiannually. Bonds have 3 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 8.61 percent.
Round the answer to two decimal places.
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