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  • 07-12-2022
  • Mathematics
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Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 12 percent yield. After 5 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 10 percent to maturity. Use Table 16-2.

Determine the price of the bonds with 25 years remaining to maturity.

Thirtyyear Brated bonds of Parker Optical Company were initially issued at a 12 percent yield After 5 years the bonds have been upgraded to Aa2 Such bonds are c class=

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