A 22-year bond was issued 2 years ago with a face value of $600. The coupon rate

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A 22-year bond was issued 2 years ago with a face value of $600. The coupon rate is 10% for this semi-annual coupon-paying bond. If the market yield-to-maturity for this bond is 12%, what would be the value of the bond?

(Do NOT use negative sign to the answer, which should be rounded to 2-decimal places)

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Advanced Financial Accounting An IFRS Standards Approach

ISBN: 9781285428765

4th Edition

Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah

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Posted Date: Apr 02, 2024 04:22 AM

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A 22-year bond was issued 2 years ago with a face value of $600. The coupon rate

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Lets calculate the present value of the face value first PVFace Va... View the full answer

Advanced Financial Accounting An IFRS Standards Approach

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