A bond has a face value of 1,000, a 12% yield-to-maturity (APR), and 6 years to...
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A bond has a face value of 1,000, a 12% yield-to-maturity (APR), and 6 years to maturity. The bond has a 10% coupon rate and makes semi-annual payments. Compute the bond value. A bond has a face value of 1,000, a 12% yield-to-maturity (APR), and 6 years to maturity. The bond has a 10% coupon rate and makes semi-annual payments. Compute the bond value.
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Answer rating: 100% (QA)
The bond value can be computed by summing the present value of its future cash flows which include t... View the full answer
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date:
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