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Economics - Financial Markets 21 Online
OpenStudy (anonymous):

Marshall Company is issuing eight-year bonds with a coupon rate of 7.62 percent and semiannual coupon payments. If the current market rate for similar bonds is 8.48 percent. What will be the bond price? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and bond price to 2 decimal places, e.g. 15.25.) Bond price: If the company wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and number of bonds to 0 decimal places) Number of bonds: Please help, Thanks ;)

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