Bond valuationlong dashSemiannual interestFind the value of a bond maturing in 4 years, with a...
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Finance
Bond
valuationlong dashSemiannual
interestFind the value of a bond maturing in
4
years, with a
$1,000
par value and a coupon interest rate of
12%
(6%
paid semiannually) if the required return on similar-risk bonds is 16%
annual interest (8%
paid semiannually).
The present value of the bond is
$_____ .
(Round to the nearest cent.)
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