Question: please quickly Connor is interested in a bond which matures in 7 years. It has a face value of $50,000 and a coupon rate of

please quickly Connor is interested in a bond which matures in 7 please quickly

Connor is interested in a bond which matures in 7 years. It has a face value of $50,000 and a coupon rate of 3%. Like most bonds it pays the bearer an interest payment every 6 months. How much is it worth today if the market interest rate is 4% annually? Note: coupon rate is 1.5% semi-annually, and market interest rate is 2% semi-annually. The first bond interest payment is at the end of the first period (6 month from present). 53,532.50 46,606.00 53,135.50 46,973.50 53,918.50

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