Determining the bond price
Problem:
Marty's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate is 6%, based on semiannual compounding.
Required:
Question: What is the bond's price?
Note: Please show basic calculation
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Question: What is the bond's price? Note: Please show basic calculation
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