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Tesla issued some bonds. After hearing how poorly Model 3 production is going, an investor is interested in selling the bond and seeing how much
Tesla issued some bonds. After hearing how poorly Model 3 production is going, an investor is interested in selling the bond and seeing how much it would be work. The bond matures in 13 years, has a coupon rate of 6.5%, and has a face value of $1000. The bond pays semi-annual coupons. What is the current price of the bond if the current market interest rate on the bond is 15%? Use semi-annual compounding.
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