Bond price: Nanotech Ltd has a bond issue maturing in seven years and paying a coupon...

Bond price: Nanotech Ltd has a bond issue maturing in seven years and paying a coupon rate of 11.39 percent (semiannual payments). The company wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 10.73 percent, Nanotech will pay $_______________ to buy back its current outstanding bonds?

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As nothing was mentioned excel is used.

jeff jeffy answered 1 month ago

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