Calculate the price of a 1000 bond offering a 12 coupon


Calculate the price of a $1,000 bond, offering a 12% coupon payment with 15 years left to maturity and a market interest rate of 10%. (Assume interest payments are semiannual.) Is this a discount or premium bond?

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Financial Accounting: Calculate the price of a 1000 bond offering a 12 coupon
Reference No:- TGS02136693

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