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I am completing a bond valuation problem Years 20...

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I am completing a bond valuation problem Years 20 par value $1,000 annual interest rate is 8% market price is $1,000 required rate of return is 14% I calculated the annual interest to be $120 I calculated the expected rate of return to be 12% I can not figure out how to calculate the value of the bond to me given my 14% required rate of return? I don't just want the answer I need to know how so I can apply it to other problems

 

Paper#13667 | Written in 18-Jul-2015

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