BA Ltd is issuing a $1,000 corporate 10-year bond with a coupon rate of 4 per cent.
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BA Ltd is issuing a $1,000 corporate 10-year bond with a coupon rate of 4 per cent. The interest rate for similar bonds is currently 2 per cent. Assuming annual payments, what is the present value of the bond? Round off your answer to the nearest dollar amount.
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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