A 700 par value 5-year bond with 10 semiannual coupons is


A $700, par value, 5-year bond with 10% semiannual coupons is purchased for $670, 60. The present value of the redemption value is $372.05. Calculate the redemption value.

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Financial Management: A 700 par value 5-year bond with 10 semiannual coupons is
Reference No:- TGS02332637

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