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Urgent 3. Suppose Square issued a 14% coupon interest rate bond which currently has a maturity of 10 years. The bond has a par value
Urgent 3. Suppose Square issued a 14% coupon interest rate bond which currently has a maturity of 10 years. The bond has a par value of $1,000 that pays interest semi-annually at the start of the year. If the required rate of return for this bond is 12%, calculate the price of this bond. Show a detailed calculation Can market interest rate change over this time period (10-30 years)? How that affects bond's required interest rate and price? 4
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