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PLEASE SHOW WORK BY HAND SJU Corp. issued a 15 year bond at a price of $1,000 exactly one year ago in the US. The
PLEASE SHOW WORK BY HAND
SJU Corp. issued a 15 year bond at a price of $1,000 exactly one year ago in the US. The ond pays an annual coupon rate of 8% and the coupon interest is paid every six months. f the current market interest rate for this class of bond is 7%, what is the value of the bond right now? what was the market interest rate for the bond one year ago no calculations needed)Step by Step Solution
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
