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  3. sarratte inc sold bonds with a face value of $1,00

Sarratte Inc sold bonds with a face value of $1,000, a coupon rate of 12%...

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Accounting

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Sarratte Inc sold bonds with a face value of $1,000, a coupon rate of 12% and a 12 vear maturity. The vield from bonds of similar qualitv is currentiv is 12%. What is this bond selling for todav? DO NOT solve this problem using any calculations. Instead a written explanation of what the price is what I am looking for (however, be sure to tell me the price). If you use calculations in your answer you will receive no credit

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