The present value of a bond that pays $60 in coupon payments at the end of...
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The present value of a bond that pays $60 in coupon payments at the end of each year for 3 years and an additional $1,200 at the end of the third year. If the interest rate is 7%, then the present value is $[blank]. Just enter a value. Round your final answer two decimal points. For example, 123.34 or 987.10. The present value of a bond that pays $60 in coupon payments at the end of each year for 3 years and an additional $1,200 at the end of the third year. If the interest rate is 7%, then the present value is $[blank]. Just enter a value. Round your final answer two decimal points. For example, 123.34 or 987.10.
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Related Book For
Introduction to Corporate Finance
ISBN: 9781118300763
3rd edition
Authors: Laurence Booth, Sean Cleary
Posted Date:
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