Geico insurance issued a 10 year bond with an annual coupon of 11%. what is the value

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Geico insurance issued a 10 year bond with an annual coupon of 11%. what is the value of this bond assuming a required rate of return of 7.02%?

Posted Date: May 11, 2024 03:32 AM

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Geico insurance issued a 10 year bond with an annual coupon of 11%. what is the value

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To find the value of the bond we can use the present value formula for a bond with a fixed coupon pa... View the full answer

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