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2 You have the following information about the bonds of a company - Par Value = $1,000 Annual Coupon Payment = $75.00 N = 20
| 2 | You have the following information about the bonds of a company - | ||||||
| Par Value = | $1,000 | ||||||
| Annual Coupon Payment = | $75.00 | ||||||
| N = | 20 | Years to maturity | |||||
| # of Payments per year = | 2 | ||||||
| Annual Yield to Maturity = | 6.0% | Note that this is the annual yield to maturity. | |||||
| What is the Present Value of this bond? | |||||||
| Answers | |||||||
| a. | $1,172.05 | ||||||
| b. | $1,173.36 | ||||||
| c. | $1,173.73 | ||||||
| ANS: | |||||||
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
