Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 per value bonds...
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Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 per value bonds have a quoted annual interest rate of 11% and the interest paid semiannually. The yield to maturity n the bonds is 14% annual interest. There are 15 years to maturity.
Compute the price of the bonds based on semiannual analysis.
Bond Price:
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