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You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 4 percent coupon interest per year, with
You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 4 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return () on this bond is 6 percent. What is the cuurent value of the bond ()? (Round your answer to 2 decimal places)
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Behavioral Finance Psychology Decision-Making and Markets
Authors: Lucy Ackert
1st edition
324661177, 978-0538752862, 538752866, 978-1111781675, 1111781672, 978-1133455486, 978-0324661170
