An investor has a bond with a 6% coupon, 30 years maturity with a par value of

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An investor has a bond with a 6% coupon, 30 years maturity with a par value of $2,000 paying 60 semi-annual coupons payments of $60. The interest rate is 8% annually. What is the bond’s present value?

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Business Statistics in Practice

ISBN: 978-0077404741

6th edition

Authors: Bruce Bowerman, Richard O'Connell

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Posted Date: Nov 19, 2022 07:09 AM

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An investor has a bond with a 6% coupon, 30 years maturity with a par value of

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Computation of Present Value of 60 semi annual coupon payments Present Value of s... View the full answer

Business Statistics in Practice

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