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You are planning your retirement for 30 years from now; a friend of yours tells you a company called Hungry Guy Financial Solutions who has been issuing bonds which has a face value of $1,000 face value, and a 10 percent coupon rate. He also tells you that the interest is paid semiannually, and the bond has 30 years to maturity If you want a 17% yield on the bond, what would bond’s value have to be? What would be the effective annual yield on the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92811989

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