Fresh Water Inc sold an issue of 16 year $1000 par value bonds to the public. The bonds have a 10.32 percent coupon rate and pay interest annually. The current market rate of interest on the fresh water bonds is 8.45%. What is the current market price of the bonds
Fresh Water Inc sold an issue of 16 year $1000 par value bonds to
the public. The bonds have a 10.32 percent coupon rate and pay interest annually. The current market rate of interest on the fresh water bonds is 8.45%. What is the current market price of the bonds