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Calculating a bond price
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Could you please give me the answer to these 2 questions: 1. Figure the present value of a previously issued bond. Purchase of a 10 year bond with 7 years to go to maturity, with a face value of 1,000 that pays an annual coupon of $40 and the interest rate is running at 5.5% how much should...
Determining the selling price of a bond
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On December 31, 2004, $180,000 of 12% bonds were issued. The market interest rate at the time of issuance was 14%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2004. Note: Round all intermediate... View more questions Search
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