5 Mr Joey bought a bond issued by City bank which has a $1,000 face value and pays semi annual interest will mature in 9 years The return on similar risk investments is 12 percent and the bond pays $54 interest per year Calculate the current market value (price) of the bond what will be the yield ...

a Face value of bond 1000 interest per year 54 Semiannual interest Annual interest half yearly coupo ...

5. Mr. Joey bought a bond issued by City bank which has a $1,000 face value...

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5. Mr. Joey bought a bond issued by City bank which has a $1,000 face value and pays semi- annual interest will mature in 9 y

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Contemporary Auditing

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