A bond has a par value of $1000 and a coupon rate of 5.5%. The bond...

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Question

A bond has a par value of $1000 and a coupon rate of 5.5%. The bond matures in 24 years. What is the value of the bond if similar bonds yield 4%?

How do i solve on financial calculator

business finance

Answer 1

Answer #1

Answer 2

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