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FIN300 Boeing recently issued bonds with a maturity of 10 years. The coupon rate is 12% but coupon payments will be paid quarterly. The par

FIN300

Boeing recently issued bonds with a maturity of 10 years. The coupon rate is 12% but coupon payments will be paid quarterly. The par value is $1000 and the yield to maturity is equal to 11% compounded quarterly. Calculate the value of the bond today. Round your answer to the nearest tenth. Optional: Provide calculation details in the reasons box. Answer: Give your reasons 7 i B 1 iii de &

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