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(Solved): QUESTION 13 HCA Inc, has bonds outstanding that have 19 years left until maturity. These bonds carry ...



QUESTION 13 HCA Inc, has bonds outstanding that have 19 years left until maturity. These bonds carry a coupon rate of

7.0%

, paid annually, on their par value of

$1,000

. The market interest rate on these bonds (same as yield to maturity) is

8.0%

. What is the current price of the bonds?

$904

$975

$1,052 $1,134

$1,223

$1,319

$1,423

$1,535

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