Problem 13-09 A bond has the following features: Coupon rate of interest (paid annual):...
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Problem 13-09 A bond has the following features: Coupon rate of interest (paid annual): 4 percent Principal: $1,000 Teem to maturity: 9 years What will the holder receive when the bond matures? b. If the current rate of interest on comparatie debe is 5 percent, what should be the price of this boost assume that the bond pays interest annually. Use Appender and Appendix to answer the question. Round your swer to the nearest dollar Would you expect the firm to call this body why? since the bond is selling for a tect the bond has a sinking fund that requires the firm to set asidewly with a trustee sufficient funds to retire the entire sue at maturity, how much must the firm terit each year for nine years the funds cam 8 percentually and there is 5100 million outstanding? Use Appendix to answer the question, Bound your answer to the nearest dollar 3 Check My Wackering)
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