What would you pay today for a bond that had the following data? (round to the...
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What would you pay today for a bond that had the following data? (round to the nearest dollar - ex: 123) Par value = $1,000 Coupon rate = 12% (interest compounds semi annually and payments are made semi annually) Maturity = 30 years (but 5 years have already past) Current market interest rate = 6% What would you pay today for a bond that had the following data? (round to the nearest dollar - ex: 123) Par value = $1,000 Coupon rate = 12% (interest compounds semi annually and payments are made semi annually) Maturity = 30 years (but 5 years have already past) Current market interest rate = 6%
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Information provided Par value future value 1000 Yiel... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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