Essex Biochemical Co has a $1000 par value bond

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Essex Biochemical Co has a $1000 par value bond outstanding that pays 10% annual interest. The current yield to maturity on such bonds in the market is 7%. Compute the price of bonds for these maturity dates: A. 30 yrs B. 15 yrs. C. 1 year.

    • 7 years ago
    Essex Biochemical Co has a $1000 par value bond
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