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Please show your work! 3. Western Digital has issued a bond with a par value of $1,200 each and a 5.25% per year coupon. The
Please show your work!
3. Western Digital has issued a bond with a par value of $1,200 each and a 5.25% per year coupon. The bonds mature in 8 years and pay interest annually. What is the current value of the bond if the market interest rate is 6.0% ? 4. Find the present value of a 6-year zero-coupon bond with a $2,000 par value. Assume the annual market interest rate is 10%Step by Step Solution
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