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A bond maturing in 7 years pays 8% on a $1,000 fac...

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A bond maturing in 7 years pays 8% on a $1,000 face value. However interest is paid semi-annually. If your required rate of return is 10%, what is the value of the bond? What is the value if the interest rate were paid annually?

 

Paper#10981 | Written in 18-Jul-2015

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