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Calculate the Present Value of a $10,000 bond with a maturity of 15 years. The bond pays interest quarterly at an interest rate of 6.5%.
Calculate the Present Value of a $10,000 bond with a maturity of 15 years. The bond pays interest quarterly at an interest rate of 6.5%. Assume the current yield to maturity is 8%. Round to the nearest dollar, no commas, and report as an absolute value. Answer 1 Is this bond selling at par, discount, or a premium? Answer 2 What is the par value of the bond? Round to the nearest dollar, no commas, and report as an absolute value. Answer 3
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