harish7385 harish7385

13-02-2024
Business

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Philo Foundry has annual coupon bonds outstanding with an annual coupon rate of 8%. These bonds have 18 years to maturity. The par value is $1000. What is the price of these bonds if the market's required return is 6%
a. $909.39
b. $950.25
c. $1012.17
d. $870.94

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