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Posted on May 19, 2024

A corporate bond has a face value of $ 1 0 , 0 0 0 , a coupon rate of interest of 8 . 2

A corporate bond has a face value of $

10, 000,

a coupon rate of interest of

8.25 %

per annum, payable semi

-

annually, and six and a half years remaining to maturity. The market interest rate for bonds of similar risk and maturity is currently

9.5 %

per annum, what is the present value of the bond?

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