A 1000 par value bond was issued 25 years ago at a 7, Ask an Expert

Finance

A $1000 par value bond was issued 25 years ago at a 7 percent coupon rate. It currently has 10 years remaining to maturity. Interest rates on similar debt obligations are now 12 percent.

Compute the current price of the bond using an assumption of semiannual payments.

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Category:- Basic Finance
Reference No.:- M9869227

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