Question
Find the value of a bond maturing in 8 years, with a $1000 par value and a coupon interest rate of 14% (7% paid semiannually)
Find the value of a bond maturing in 8 years, with a $1000 par value and a coupon interest rate of 14% (7% paid semiannually) if the required return on similar-risk bonds is 17% annual interest (8.5 % paid semiannually).
The present value of the bond is ___?
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Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
