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What is the value of your corporate bond investment if you paid $4,700 for a $5,000...

What is the value of your corporate bond investment if you paid $4,700 for a $5,000 face value bond that has 10 years until maturity if you hold this bond until maturity (the bond pays 5% annual interest)?
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Answer #1

P.V = 5000/(1+0.05)^10

P.V = $3069.5

Amount paid by you =$4700

Loss incurred =-1630.43

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