There is a redeemable bond at maturity, with a nominal value of 20,000, it pays...
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Finance
There is a redeemable bond at maturity, with a nominal value of 20,000, it pays 13% coupons annual. At the time of its purchase, there were 6 years and 3 months to maturity. Considering a market rate of 11% per year, establish the value of the bond at the time of its purchase.
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