Question
(Bond valuation) Calculate the value of a bond that matures in 15 years and has a $1,000 par value. The annual coupon interest rate is
(Bond valuation)Calculate the value of a bond that matures in 15 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and themarket's required yield to maturity on acomparable-risk bond is 9 percent.
The value of the bond is.....
Round to Nearest Cent
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
