Assume that the existing bond that provides annual coupon, Financial Management

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Assume that the existing bond that provides annual coupon

Assume that the existing bond that provides annual coupon payments with a par value of $2000, coupon rate of 10% that matures in 5 years.,If the required rate of return by investors were 15% instead of 12%, what would be the present value of the bond? (SHOW ALL YOUR WORK)

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Financial Management: Assume that the existing bond that provides annual coupon

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Financial Management: Assume that the existing bond that provides annual coupon

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