One of IBM's bond issues has an annual coupon rate of 3.5%, a face value of...

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One of IBM's bond issues has an annual coupon rate of 3.5%, a face value of $1,000 and matures in 13 years. Part 1 BAttempt 1/10 for 10 pts. What is the value (or price) of the bond if the required return is 5%? p+ decimals Submit One of IBM's bond issues has an annual coupon rate of 3.5%, a face value of $1,000 and matures in 13 years. Part 1 BAttempt 1/10 for 10 pts. What is the value (or price) of the bond if the required return is 5%? p+ decimals Submit

Answer rating: 100% (QA)

Answer The correct answer is 84913 To calculate the value or price of ... View the full answer