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Bond valuation-Semiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10%
Bond valuation-Semiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10% ( 5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest. The present value of the bond is $ (Round to the nearest cent.) Step by Step Solution
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The Making Of Finance
Authors: Isabelle Chambost, Marc Lenglet, Yamina Tadjeddine
1st Edition
1138498572, 978-1138498570
