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Bond value and time Changing required returns Personal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have
Bond value and time Changing required returns Personal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have $1,000 par values and 14% coupon interest rates and pay annual interest. Bond A has exactly 9 years to maturity, and bond B has 19 years to maturity a. Calculate the present value of bond A if the required rate of return is: a. (1) The value of bond A, if the required return is 11%, is $1- (Round to the nearest cent.) (2) The value of bond A, if the required return is 14%, is $ the nearest cent.) . (Round to
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