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I need help solving this problem Intro One of General Electric's bond issues has an annual coupon rate of 4.3%, a face value of $1,000
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Intro One of General Electric's bond issues has an annual coupon rate of 4.3%, a face value of $1,000 and a required return of 8%. Part 1 (). Attempt 1/10 for 10 pts. What is the value of the bond if the bond matures in 30 years? Part 2 10 - Attempt 1/10 for 10 pts. What is the value of the same bond 20 years later, when it has 10 years to maturity left, if interest rates haven't changed Step by Step Solution
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