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Assume that a 15-year, $1,000 face value bond pays interest at the coupon rate of 15%. Interest is paid QUARTERLY. If the yield to maturity
Assume that a 15-year, $1,000 face value bond pays interest at the coupon rate of 15%. Interest is paid QUARTERLY. If the yield to maturity on this bond is 12 percent, calculate the present value of the bond.
$821.92 | ||
$1,207.57 | ||
$986.43 | ||
$1,120.71 | ||
$1,358.24 |
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