Crimson Tide Incorporated has a bond trading on the secondary market that will mature in...
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Finance
Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a semi-annual coupon with a coupon rate of 9.875% APR. Based on the economy and risk associated with Crimson Tide, you seek a 12.70% APR return on Crimson Tide debt. The face value of the bond is $1,000. What price are you willing to pay for the bond?
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