Why is n 16 and the pmt 375 once bond reached 8 years the, Ask an Expert

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Why is n = 16 and the PMT 37.5? once bond reached 8 years, the $1000 is accounted for then? Thank you

King Noodles’ bonds have a 7.5% coupon rate and a $1,000 par value.

Interest is paid semi-annually. The bond has a maturity of 8 years. If the (bond equivalent) yield on similar bonds is 6.6%, what is the value of King Noodles’ bonds?

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Financial Management, Finance

Category:- Financial Management
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