Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue

asked Feb 2, 2021 123k views

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3 votes

Answer:

the answer is $345.98.

Step-by-step explanation:

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Alayna answered Feb 6, 2021