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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 4%
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 4% paid semiannually, and the discount rate is 10%. What is the estimated value of this bond today? Enter your answer in dollars, rounded to the nearest cent.
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
