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    Ladybug80's Avatar
    Ladybug80 Posts: 1, Reputation: 1
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    #1

    Mar 20, 2013, 04:04 PM
    what is the market value of the bond?
    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's Avatar
    Fidget1 Posts: 105, Reputation: 4
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    #2

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