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Applying Time Value of Money Concepts Complete the missing information in the table below. Assume that all bonds pay interest semiannually. Do not use negative

Applying Time Value of Money Concepts

Complete the missing information in the table below. Assume that all bonds pay interest semiannually. Do not use negative signs with answers. Round percentages to one decimal place (ex. 0.0345 = 3.5%). Round all other values to the nearest whole number.?

Annual Years to Coupon Issue
Yield Maturity Rate Face value Proceeds
Firm 1 8.00% 15 7.00% $550,000 $_______
Firm 2 3.00% 10 0.00% $______ $593,976
Firm 3 6.50% _____ 5.00% $500,000 $449,498
Firm 4 ____% 12 3.50% $1,000,000 $1,070,927
Firm 5 0.80% 20 2.00% $650,000 $______

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