Question: help! please show how to do the problem. If a financial calculator can be used, please show how. thank you Bond valuation Semiannual interest Find
Bond valuation Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon Interest rate of 12% (8% paid semiannusly) if the required rebum on similar-risk bonds is 15% annual interest (7.5% paid semiannually) The present value of the bond is $ (Round to the nearest cont.)
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