Question
Question 1 (1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 9.43 percent (paid
Question 1 (1 point)
What is the value of a bond that has a par value of $1,000, a coupon rate of 9.43 percent (paid annually), and that matures in 19 years? Assume a required rate of return on this bond is 12.29 percent.
Round the answer to two decimal places.
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
