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please solve now ... points You are considering the purchase of a S1,000 face value bond issued by ABC company. The bond pays 7 percent
please solve now ...
points You are considering the purchase of a S1,000 face value bond issued by ABC company. The bond pays 7 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return on this bond is S percent. What is the current value of the bond (v)? (Round your answer to 2 decimal places) Step by Step Solution
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