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A corporate bond with a face value of 200000 was issued

A corporate bond with a face value of $200,000 was issued four years ago and there are six years remaining until maturity. The bond pays semi-annual coupon payments of $9,000, the coupon rate is 9% pa paid twice yearly and rates in the marketplace are 8% pa compounded semi-annually. What is the value of the bond today?

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Business Management: A corporate bond with a face value of 200000 was issued

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Business Management: A corporate bond with a face value of 200000 was issued

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