Question: Please show formulas and work Consider a bond with a 6.2 percent coupon rate, paid semiannually, that has 20 years until it matures. If the

Please show formulas and work Please show formulas and work Consider a bond with a 6.2

Consider a bond with a 6.2 percent coupon rate, paid semiannually, that has 20 years until it matures. If the current market interest rate is 7.4 percent, and the bond is priced at $925, what's the bond's present value? Should you buy this bond? Explain why or why not

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