A bond with a 9 coupon rate pays interest semishyannually


A bond with a 9% coupon rate pays interest semi­annually. Par value is $1,000. The bond has 4 years to maturity. The investor's required rate of return is 12%. What is the present value of the bond?

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Financial Management: A bond with a 9 coupon rate pays interest semishyannually
Reference No:- TGS01408633

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