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Value Of Bond

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Subject
Arithmetic
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Columbia Southern University
Type
Homework
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Calculate the value of a bond that matures in 12 years and has $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent. Round to the nearest cent. Solution: Given: F = face value of the bond or par value= $100 ...
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