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(Bond valuation). Calculate the value of a bond that matures in 12 years and has a $1000 par value. The annual coupon interest rate is
(Bond valuation). Calculate the value of a bond that matures in 12 years and has a $1000 par value. The annual coupon interest rate is 11% and the market's required yield to maturity on a comparable-risk bond is 12%.
The value of the bond is $______.
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
