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IMEX Global Solutions issued a bond on December 31, 2015 to the public which pays $80 once per year in interest and a $1,000 principal
IMEX Global Solutions issued a bond on December 31, 2015 to the public which pays $80 once per year in interest and a $1,000 principal repayment after year 10, and is priced in the open market to reflect a required return of 11.5% to bondholders, or $798. The company's management has the option of redeeming this bond early for $1,080 plus any accrued interest.
How do I distinguish and understand what is the Face Value, Market Value, Coupon Rate, Yield to Maturity and Current Yield. I am all a bit confused when it comes to this.
Thank you.
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