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Consider a corporate bond value with an annual interest rate of 5%, making semi-annual payments. The par value is $1000, and after two years, the
Consider a corporate bond value with an annual interest rate of 5%, making semi-annual payments.
The par value is $1000, and after two years, the bond matures and repays the principal. The yield to maturity of 3%. What is the value of the bond?
The par value is $1000, and after two years, the bond matures and repays the principal. The yield to maturity of 3%. What is the value of the bond?
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
