General mills has a $1000 par value, 29-year bond outstanding with an annual coupon rate of 7.88% per year, paid semiannually. Market interest rates on similar bonds are 11.94%. Calculate the bond’s price today.
General mills has a $1000 par value, 29-year bond outstanding with
an annual coupon rate of 7.88% per year, paid semiannually. Market interest rates on similar bonds are 11.94%. Calculate the bond’s price today.
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