Use BONDVAL to find the YTM of the following $1,000 par value bonds. 2 Market Price Coupon
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Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Yield to maturity accounts for the present value of a ...View the full answer
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