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Question 8 5 pts Aspen Companys non-callable bonds currently sell for $910. They have a 15-year maturity, an annual coupon o
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Answer #1

rate positively ..

ans 8
we have to use financial calculator to solve this
put in calcualtor
FV 1000
PV -910
PMT 70
N 15
comute I 8.05%
ans = 8.05%
ans 9
we have to use financial calculator to solve this
put in calcualtor
FV 1100
PV -1230
PMT 105
N 15
comute I 8.15%
ans = 8.15%
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