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Find the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually)
Find the value of a bond maturing in
10
years, with a
$1,000
par value and a coupon interest rate of
13%
(6.5%
paid semiannually) if the required return on similar-risk bonds is
12%
annual interest
(6%
paid semiannually).
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