Benson incorporated has a bond with the following features, Ask an Expert

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Benson incorporated has a bond with the following features: Pa value of $1000, maturity of 12 years, and a coupon rate of 8%. The yield to maturity is 10%. Please determine if the bond sells for a premium, par or discount and describe you answer. find out the value of the bond if interest is paid on an annual basis versus a semi-annual basis. Show your work.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M947357

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