Question
Bond valuation Semiannual interestFind the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 11%
Bond valuation Semiannual interestFind the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 11% (5.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7 % paid semiannually). The present value of the bond is $ (Round to the nearest cent.)
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
