A bond will pay $5,000 at maturity in 9 years. It also makes semiannual interest payments of

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A bond will pay $5,000 at maturity in 9 years. It also makes semiannual interest payments of $400 until maturity. If the discount rate is 7% compounded semiannually, what should be the market price of the bond?

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Posted Date: Aug 03, 2018 01:20 AM

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A bond will pay $5,000 at maturity in 9 years. It also makes semiannual interest payments of

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Interest compounded semi annually Par value of bond is 5000 Coupon rate on bond ... View the full answer

Personal Financial Planning

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