What is the value of a bond that has a par value of $1,000, a coupon rate

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What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24% paid annually and that matures in 8 years? Assume a required rate of return on this bond is 13.53%

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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Apr 26, 2024 09:07 AM

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What is the value of a bond that has a par value of $1,000, a coupon rate

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

Fundamentals of Financial Management

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