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Additional Problem 10-5 A bond has a par value of $1,000, 5 years to maturity, and a coupon rate of 4.49%? Assume that coupon payments
Additional Problem 10-5 A bond has a par value of $1,000, 5 years to maturity, and a coupon rate of 4.49%? Assume that coupon payments are made semiannually. a. If the required rate of return is 5.20%, what is the value of the bond? (Round answers to 2 decimal places.) Bond value b. What is the bond's value if the required rate of return increases to 6.20%? (Round answers to 2 decimal places.) Bond value c. What is the bond's value if the required rate decreases to 4.20%? (Round answers to 2 decimal places.) Bond value
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