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Please show how to solve in simplest way with work, if needed excel is acceptable: What is the value of a bond that has a
Please show how to solve in simplest way with work, if needed excel is acceptable:
What is the value of a bond that has a par value of $1,000 , a coupon rate of 10.25% (annually), and matures in 13 years? Assume the yield-to-maturity is 12.75%. a.) $867.44 b.) $845.12 c.) $943.22 d.) $1,175.31 e.) $1,072.19
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