Question
Suppose that on December 31, 2020, Netflix issued a bond with the following terms Face Value Maturity Coupon Rate (annualized) Compounding Period Market interest
Suppose that on December 31, 2020, Netflix issued a bond with the following terms Face Value Maturity Coupon Rate (annualized) Compounding Period Market interest rate (annualized) Answer the following questions for this bond $4,000,000 20 years 12% Semi-annual 10% 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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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
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