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Sunland Corp is issuing a 10-year bond with a coupon rate of 9 percent. The interest rate for similar bonds is currently 8 pe
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Answer #1
Value of bond is the present value of cash flows from bond which is calculated as follows:
Value of bond = =-pv(rate,nper,pmt,fv) Where,
= $ 1,067.10 rate Discount rate = 8%
nper Time = 10
pmt Coupon Payment = $          90
fv Face value = $    1,000
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