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Calculate the value of a bond that will mature in 14 years and has a $1,000 face value. The coupon is 5% per annum, payable
Calculate the value of a bond that will mature in 14 years and has a $1,000 face value. The coupon is 5% per annum, payable annually. the investors required rate of return is 7% per annum, compounded annually. With no other changes, calculate the value of the bond if the coupon is payable semi-annually and the investors required rate of return is compounded semi-annually. Show step by step how to solve on excel or manually
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