Find the value of a bond maturing in 7 years with a 1000, Ask an Expert

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Find the value of a bond maturing in 7 ?years, with a ?$1,000 par value and a coupon interest rate of 13?% ?(6.5?% paid? semi annually) if the required return on? similar-risk bonds is 14?% annual interest (7% paid? semiannually).

The present value of the bond is $_____ (Round to nearest cent)

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Financial Management, Finance

Category:- Financial Management
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