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View Full Version : what is the market value of the bond?


Ladybug80
Mar 20, 2013, 04:04 PM
Knight, Inc. has issued a three-year bond that pays a coupon of 5.00 percent. Coupon payments are made semiannually. Given the market rate of interest of 3.70 percent, what is the market value of the bond?

Fidget1
Apr 14, 2013, 06:20 AM
Without knowing the amount that the bond was issued at, it's impossible to calculate its market value.