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QUESTION
Suppose a firm has 1200 coupon bonds outstanding, each selling at 1054. The bonds have a coupon rate of 8.3 paid annually. The face value is $1000...
Suppose a firm has 1200 coupon bonds outstanding, each selling at 1054.54$. The bonds have a coupon rate of 8.3 paid annually. The face value is $1000 and the bonds have 25 years left until maturity. What is the cost to the firm of these coupon bonds?
