Question: A bond will pay $90 in interest at the end of each of the next four years, plus the principal of $1,000 at the end
A bond will pay $90 in interest at the end of each of the next four years, plus the principal of $1,000 at the end of the fourth year. If the required yield-to-maturity is 6% and the present price is $980, the bond's NPV is A. Show the Formula (0.2 point) B. Show the steps and calculation (0.3 point) C. Present the Answers (0.1 point)
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