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The Petty and Campbell company bond has an annual coupon rate of 6.80%, pays interest semi-annually, and has a face value of $1,000. If there
The Petty and Campbell company bond has an annual coupon rate of 6.80%, pays interest semi-annually, and has a face value of $1,000. If there are 22 years to maturity and your required rate of return on bonds of this risk level is 6.00%, what is the bonds value to you? (with this problem solve for its present value and show all work with the formula)
Please show all formulas and work!
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