Question: please answer ASAP Apple issued a 30-year bond in 2011 with a coupon rate of 5.29 percent. Face value of the bond is $1,000 and
please answer ASAP
Apple issued a 30-year bond in 2011 with a coupon rate of 5.29 percent. Face value of the bond is $1,000 and interest is paid annually. Based on the risk of the bond, investors require 9 percent return (RRR) on the bond. Compute the value of the bond today. (8 pts) (Hint: Determine the time remaining to maturity first)
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