Question: please show full steps as if using a regular calculator thx e. 0.16% Uploader ut R 15. Seven years ago a firm issued a 25-year
please show full steps as if using a regular calculator thx
e. 0.16% Uploader ut R 15. Seven years ago a firm issued a 25-year $1,000 face value bond at par. At the time, the market for such bonds was 4%. Today these bonds are yielding 2%. The coupon is paid semi-annually. 5 Price of these bonds today = $
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