Bond price: Knight, Inc., has issued a three-year bond that pays a coupon rate of 6.10 percent.
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Bond price: Knight, Inc., has issued a three-year bond that pays a coupon rate of 6.10 percent. Coupon payments are made semiannually.
Given the market rate of interest of 5.80 percent, what is the market value of the bond?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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