Question
Find the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 9% (4.5% paid semiannually)
Find the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 9% (4.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7% paid semiannually).
The present value of the bond is ?
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Foundations Of Business Finance
Authors: Peyton Foster Roden
2nd Edition
0873932420, 9780873932424
