A bond offers a $50 coupon, has a face value of $1,000, and 15 years until maturity.

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A bond offers a $50 coupon, has a face value of $1,000, and 15 years until maturity. If the interest rate is 4.5%, what is the value of the bond?

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 28, 2024 02:18 AM

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A bond offers a $50 coupon, has a face value of $1,000, and 15 years until maturity.

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Expert Answer:

To calculate the value of the bond we can use the formula for the present value of a bonds ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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