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Regatta, Inc. has six-year bonds outstanding that pay a 8.25 percent coupon rate

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Question;Regatta, Inc. has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond can expect to earn a yield to maturity of 6.875 percent. What should the company's bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)

 

Paper#50079 | Written in 18-Jul-2015

Price : $22
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