A 10 year $1,000 par value bond was sold at par with a coupon of 8 2 paid semi annually It is now 2 years to maturity and investors are requiring a 9 yield on this bond Calculate the approximate current market value of the band Oa) $986 Ob) $853 O c) $997 O d) $841 Listen A 10 year $1,000 par valu...

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A 10 year $1,000 par value bond was sold at par with a coupon of 8.2%...

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A 10 year $1,000 par value bond was sold at par with a coupon of 8.2% paid semi- annually. It is now 2-years

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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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Posted Date: Oct 20, 2023 12:48 AM

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