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COMPUTE THE MARKET VALUE Compute the market value of the bonds. How many bonds will the firm FOR MORE CLASSES VISIT www.tutorialoutlet.com (Cost of debt) Sincere Stationery Corporation needs to raise $451,000 to improve its manufacturing plant. It has decided to issue a $1,000 par value bond with an annual coupon rate of 11.1 percent with interest paid semiannually and a 15-year maturity. Investors require a rate of return of 9.6 percent.
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