A bond pays a $50 coupon at the end of each of the next 30 years and
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A bond pays a $50 coupon at the end of each of the next 30 years and pays $1,000 face value in 30 years. If you discount cash flows at an annual rate of 6 percent, what would be a fair price for the bond?
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To find the fair price of the bond we need to calculate the present value of each of the bonds cash ...View the full answer
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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