Please help.Thank you Suppose a bond makes $60 coupon payments at the end of the...
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Accounting
Please help.Thank you
Suppose a bond makes $60 coupon payments at the end of the next two years, at which time the face value of $1000 is repaid. If the interest rate is
5 percent, then what is the present value of the bond?
The present value (PV) of the bond is ?
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