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A few years ago, you paid $5,000 to buya corporate bond with a face value (maturity value) of $5,000 that nas a coupon rate of
A few years ago, you paid $5,000 to buya corporate bond with a face value (maturity value) of $5,000 that nas a coupon rate of 4% payable semi-annually (pays $100 every 6 months) If the bond matures in 10 years and the current interest rate for similar bond is 6% compounded semi- annually then how much is the bond worth today?
A few years ago, you paid $5,000 to buya corporate bond with a face value (maturity value) of $5,000 that aas a coupon rate of 496 payable semi-annually (pays $100 every 6 months). If the bond matures in 10 years and the current interest rate for similar bond is 6% compounded semiannually then how much is the bond worth today? $1,487.75 $4,573.49 $4,256.13 $11.717.59 $1,280.63 Step by Step Solution
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