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A bond with a face value of 22,000 and a 5.55.5% interest rate (compounded semiannually) will mature in 20 years years. What is a fair
A bond with a face value of
22,000
and a
5.55.5%
interest rate (compounded semiannually)
will mature in
20 years
years. What is a fair price to pay for the bond today?
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To calculate the fair price to pay for the bond today we can use the present value formula for a ...
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
