Question: PART B: Comprehensive Questions. Show All Work for Partial Credit (70%) 11. The face value is AED 82,000, the stated rate is 10%, and the
PART B: Comprehensive Questions. Show All Work for Partial Credit (70%) 11. The face value is AED 82,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the presen value of the bond at the issue date? (10 Pts) (3 Pts) 11a. Determine the Present Value of the bond at issuance. AED (3 Pts) 11b. Determine the Present Value of the interest payments. AED (2 Pts) 11c. What price should the bond sell for? AED (2 Pts) 11d. What type of bond is this, premium, discount, or par
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