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What's the Present Value of a 50 year bond issued 25 years ago with a 12% Coupon? The market rate premium is 6%. The par
What's the Present Value of a 50 year bond issued 25 years ago with a 12% Coupon? The market rate premium is 6%. The par value is $1,000. Coupon payments are made quarterly.
| Par | |
| Coupon rate | |
| Remaining Bond Term | |
| Interest PAYMENT | |
| market rate premium | |
| PV | |
| interest | |
| n | |
| PMT | |
| FV | |
|
| |
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
