Business, 06.11.2019 19:31 katherinegvz

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $40,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,000 every six months over the subsequent eight years, and finally pays $2,300 every six months over the last six years. bond n also has a face value of $40,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 8 percent compounded semiannually.

what is the current price of bond m and bond n? (round your answer 2 decimal places)

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Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $40,00...

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