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Please show your work in Excel, thank you so much!!! A bond has the following details in its indenture while the market rate of similar
Please show your work in Excel, thank you so much!!!
| A bond has the following details in its indenture while the market rate of similar bonds yield 8.2%. | ||||||
| Par | $ 1,000.00 | |||||
| Coupon | 7.50% | |||||
| Term | 40 years | |||||
| Frequency | annual coupon | |||||
| What is the market value of this bond? | ||||||
| a. | $ 918.28 | |||||
| b. | $ 1,000.00 | |||||
| c. | $ 1,088.16 | |||||
| d. | $ 1,122.35 | |||||
| e. | none of the above | |||||
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The New Reality Of Wall Street An Investors Survival Guide To Triple Waterfalls And Other Stock Market Perils
Authors: Donald Coxe
1st Edition
0071417532
