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5. A bond has a residual value of $ 10,000, a coupon interest rate of 6%, pays the interest semi-annually and has a maturity of
5. A bond has a residual value of $ 10,000, a coupon interest rate of 6%, pays the interest semi-annually and has a maturity of 20 years. Calculate the value of the bond if the required rate of return is 6%.
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
