An investor is intrested in purchasing a corporate bond his, Ask an Expert

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An investor is intrested in purchasing a corporate bond. His broker quotes a price of 965. The 1000 $ per value bond pay 9% intrest, amd has 20 years remaining until maturity. The current yeild to maturity is 10% for similar bonds.

1. What is the present value of the bon

2. Should the investor buy the bond from the broker at the quoted price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781706

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