Question
Bond valuationlong dash Semiannual interestFind the value of a bond maturing in 5 years, with a $1 comma 000 par value and a coupon interest
Bond valuationlong dash Semiannual interestFind the value of a bond maturing in 5 years, with a $1 comma 000 par value and a coupon interest rate of 11 % (5.5 % paid semiannually) if the required return on similar-risk bonds is 17 % annual interest left parenthesis 8.5 % paid semiannually).
The present value of the bond is $______?
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
