Mercy, Corp. issued a 8-year bond with a face value of $1,000, a coupon rate of 8.6%

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Mercy, Corp. issued a 8-year bond with a face value of $1,000, a coupon rate of 8.6% and a yield to maturity of 7.9%. What is the current value of the bond?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: May 08, 2024 08:58 AM

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Mercy, Corp. issued a 8-year bond with a face value of $1,000, a coupon rate of 8.6%

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To calculate the current value of a bond we can use the present value formula by discounting the b... View the full answer

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