ABC Company Has Outstanding A 8% Bond Issue With A Face
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Admin,
Last Updated:
29-Sep-23
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$120
ABC Company has outstanding a 8% bond issue with a face value of $10,000 per bond and 4 years to maturity. Interest is payable quarterly. It estimates that, in current market conditions, the bonds should provide a (nominal annual) return of 12%. What price per bond should be realized on selling the bond?
