I have a bond that was bought at $50,000 at start of the year. The coupon payment
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I have a bond that was bought at $50,000 at start of the year. The coupon payment is 5% per annum and the bond will expire in 20 years. However, the return of the bond is forecast to 4.5% at the end of the first year.
How much is the bond worth at the end of the first year?
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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