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Tick-Talk, a music streaming company issued a bond which has 17 years remaining to maturity (round to the nearest whole number if necessary). It pays
Tick-Talk, a music streaming company issued a bond which has 17 years remaining to maturity (round to the nearest whole number if necessary). It pays coupon interest at an annual rate if 9.71%. As a small company and its associated risk, investors require 12% return on the bond. Assume face value of $1,000 to be paid at maturity. Compute the value of the bond today using annual compounding.
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