(Answered) Finance value of the bond semi-annuallyquestionpet food

Finance

Finance: Value of the Bond Semi-Annually)

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Pet Food Company bonds pay an annual coupon rate of 8.62 percent. Coupon payments are paid semiannually. Bonds have 9 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 11.52 percent.

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