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Question: crimson tide incorporated has a bond trading on the secondary...

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Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a semi-annual coupon with a coupon rate of 8.375% APR. Based on the economy and risk associated with Crimson Tide, you seek a 12.20% APR return on Crimson Tide debt. The face value of the bond is $1,000 What price are you willing to pay for the bond? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here...
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