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Could you please help with this? I am supposed to show my work. I've found two formulas and am confused. I am supposed to assume
Could you please help with this? I am supposed to show my work. I've found two formulas and am confused.
I am supposed to assume a $1,000 face value bond has a coupon rate of 9.5% paid semiannually and has an eight-year life. If investors are willing to accept a 12 percent rate of return on bonds of similar quality, what is the present value or worth of this bond? Thank you
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