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Suppose that on December 31, 2020, Netflix issued a bond with the following terms Face Value $4,000,000 20 years 12% Maturity Coupon Rate (annualized) Compounding
Suppose that on December 31, 2020, Netflix issued a bond with the following terms Face Value $4,000,000 20 years 12% Maturity Coupon Rate (annualized) Compounding Period Market interest rate (annualized) Semi-annual 10% Answer the following questions for this bond What is the present value of the coupon payments, rounded to the nearest dollar? Question 16 What is the present value of the principal payment, rounded to the nearest dollar
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