Zhen Yi Computers has an outstanding issue of bonds with a par value of $1,000 , which
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Question:
Zhen Yi Computers has an outstanding issue of bonds with a par value of $1,000, which have a 4 percent annual coupon rate, with interest being paid semi-annually. The bond has 5 years to maturity. What is the value of the bond assuming a 10 percent market rate of interest?
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