Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9%...

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Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9%...

Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9% coupon rate with interest paid annually. The YTM of the bonds is 8%. What is the current market price of these bonds?

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Answer 1

Answer #1

Face value of bonds = $1,000 Coupon rate = 9% YTM = 8% Term = 10 Years Coupon amount = Face value * Coupon rate = $1,000 * 9%

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Answer 2

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Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9%...

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Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9%...

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Add Answer to: Ranier Company bonds have 10 years to maturity. The $1,000 face value bonds have a 9%...

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