Calculate the value of a 1000-par-value bond paying


Bond valuation—Quarterly interest

Calculate the value of a $1,000?-par-value bond paying quarterly interest at an annual coupon interest rate of 11?% and having 14 years until maturity if the required return on? similar-risk bonds is currently a 11?% annual rate paid quarterly.

The present value of the bond is $. ?(Round to the nearest? cent.)

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Financial Management: Calculate the value of a 1000-par-value bond paying
Reference No:- TGS02392975

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