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oscorp has just issued its Norman special Longa Bond. The Bonds have a maturity of 25 years, a coupon rate of 0.50% and pay the
oscorp has just issued its Norman special Longa Bond. The Bonds have a maturity of 25 years, a coupon rate of 0.50% and pay the coupon on a semi-annual basis. The face value of the bond is $1000. The bonds are trading at a YTM of 5%. What is the value today of only the face value of this bond?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
