The willmissthisclass company issued a 1000 par value, Ask an Expert

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The WillMissThisClass Company issued a $1,000 par value, 20-year bond that has a 6% annual coupon. If the market is requiring a 7% rate of return on bonds of this level of risk: SHOW ALL WORK USING THE TI BAII Plus Calculator.

please use this example as a model

10 N

7 I/Y

50 PMT

1000 FV

Cpt PV

$859.53 is today’s value of the bond.

a) What is the current value of the bond?

b) Is the bond selling at a discount or at a premium?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92856384

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