Question: Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond

Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 7%, what is the value of the bond? Do not round intermediate calculations. Round your answer to the nearest cent. s Quantitative Problem: Potter Industres has a bend issue outstanding with a 65 coupon rate with semiannual payments of 530 , and a 10 -year maturify, The par vaitet of the bond is $1,000, If the going annual interest rate is 74 , what is the value of the bond? Do not round infermedate calculations. Round rour answer to the nearest cent

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