Gecko Incorporated bonds have a stated coupon rate of 9% and pay interest on an semi-annual basis.
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Gecko Incorporated bonds have a stated coupon rate of 9% and pay interest on an semi-annual basis. They mature in 14 years and have a par value of $1,000. The market rate of interest is 9%.
What is the value of Gecko bonds? (round to the nearest dollar).
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: