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How to calculate using ti-84 A firm buys corporate bonds in the secondary market with 10 years to maturity. Total par value is $55 million.
How to calculate using ti-84
A firm buys corporate bonds in the secondary market with 10 years to maturity. Total par value is $55 million. The coupon rate is 11 percent, with annual interest payments. If the expected required rate of return in 5 years is 9 percent, what will the market value of the bonds be then? A) $59,278,616 B) $58,341,216 C) $56,000,000 D) $56,935,022 Step by Step Solution
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