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What is the present value of each of the below bonds at issuance? Assume a market rate of 8%, semi-annual coupon payments, and par value
What is the present value of each of the below bonds at issuance? Assume a market rate of 8%, semi-annual coupon payments, and par value of $1,000
6a) Bond A
25 year maturity
10% coupon
Value Bond A:
PV
rate
n
pmt
FV
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