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An 8 % , 8 - year bond pays annual coupons and has 6 years to maturity. If the market interest rate is 9 %

An $8 %, 8 -$ year bond pays annual coupons and has $6$ years to maturity. If the market interest rate is $9 %,$ calculate the price of this bond. Show the $($ abbreviated $)$ time line, the key entries $/$ steps of FCS $,$ and the $($ abbreviated $)$ equation $/$ expression of NS $.$ Typing tips:

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Question

An 8 % , 8 - year bond pays annual coupons and has 6 years to maturity. If the market interest rate is 9 %

An 8%,8-year bond pays annual coupons and has 6 years to maturity. If the market interest rate is 9%, calculate the price of this bond. Show the (abbreviated) time line, the key entries/steps of FCS, and the (abbreviated) equation/expression of NS. Typing tips:

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Recommended Textbook for

Corporate Financial Management

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An $8 %, 8 -$ year bond pays annual coupons and has $6$ years to maturity. If the market interest rate is $9 %,$ calculate the price of this bond. Show the $($ abbreviated $)$ time line, the key entries $/$ steps of FCS $,$ and the $($ abbreviated $)$ equation $/$ expression of NS $.$ Typing tips: