On 14 March 2013 a company issued a bond with a face value of $100,000...
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Finance
On 14 March 2013 a company issued a bond with a face value of $100,000 that matures exactly 25 years later. The coupon rate is 6% p.a. compounded half-yearly. What is the bond's value on 14 September 2018 assuming the market yield is 5% p.a. compounded half-yearly.
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