What is the current value of a bond with the following terms: 15 years to maturity, $1000
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Question:
What is the current value of a bond with the following terms:
15 years to maturity,
$1000 Par,
6% coupon,
annual interest,
similar risk investments yield 7%.
What would be the value of the bond if semi-annual interest was paid instead?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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