Question: Problem 15-3 Determining the Approximate Value for a Bond Problem 15-3 Determining the Approximate Value for a Bond [LO15-3] Use the present value of a

Problem 15-3 Determining the Approximate Value for a Bond

Problem 15-3 Determining the Approximate Value for a Bond [LO15-3] Use the present value of a bond calculator athittpsilwwwthecalculatorco/finance/Bond-Price-Calculator-606 htm Approximate the present value for the following $1,000 bonds. Note: Round your answers to 2 decimal places. Face/par value:* Coupon rate:* Coupon rate compounding freq.: Market interest rate:* No. of years until maturity: Calculate Reset

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