Question
Calculate the value of the bond shown in the following table, assuming it pays interest annually. Par value Coupon interest rate Years to maturity Required
Calculate the value of the bond shown in the following table, assuming it pays interest annually.
| Par value | Coupon interest rate | Years to maturity | Required return |
| $1,000 | 13% | 20 | 6% |
The value of the bond is $________
Formula without using excel.
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
