Computing the market value of the bond


Gillian Stationery Corporation need to raise $600000 to improve its manufacturing palnt. It has decided to issues a $1000 par value bond with a 15% annual coupon rate and a 10 year maturity. If the investors require a 10% rate of return. Calculate the market value of the bond

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Finance Basics: Computing the market value of the bond
Reference No:- TGS038971

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