A twelve-year bond with par value equals 1000 pays 12, Ask an Expert

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A twelve-year bond, with par value equals $1,000, pays 12% annually. If similar bonds are currently yielding 11% annually, what is the market value of the bond? Use semi-annual analysis. Use Appendix B and Appendix D. (Round "PV Factors" to 3 decimal places, intermediate calculations and final answer to 2 decimal places.)

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Category:- Financial Management
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