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Business, 24.03.2020 05:30 bowmanari2154

Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent. The value of the bond is $ nothing. (Round to the nearest cent.)

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Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual...
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