SXS Companys bond mature in 8 years, have a par value of $1,000 and make an...

SXS Companys bond mature in 8 years, have a par value of $1,000 and make an annual coupon interest payment of $95. The market requires an interest rate of 4.2% on these bonds. What is the bonds price ?

Expert Solution

jeff jeffy answered 1 year ago

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