Question
Question 1(1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 7.74 percent (paid annually),
Question 1(1 point)
What is the value of a bond that has a par value of $1,000, a coupon rate of 7.74 percent (paid annually), and that matures in 18 years? Assume a required rate of return on this bond is 8.89 percent.
Round the answer to two decimal places.
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Statistics For Business And Economics
Authors: James T. McClave, P. George Benson, Terry T Sincich
12th Edition
032182623X, 978-0134189888, 134189884, 978-0321826237
