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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 | 6b) Bond B | 6c) Bond C | ||
| 25 year Maturity | 40 year Maturity | 50 year Maturity | ||
| 10% Coupon | 6% Coupon | 12% Coupon | ||
| PV | ||||
| rate | ||||
| n | ||||
| pmt | ||||
Value Bond A:Value Bond B:Value Bond C:
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Options Futures And Other Derivatives
Authors: John C. Hull
3rd Edition
0131864793, 9780306457555
