Find the present value of the bond
Problem
Consider a bond with a face value of $8,500, a coupon rate of 10% paid quarterly, and a maturity of two years. Assuming a required return of 13.5%, find the present value of the bond.
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Consider a bond with a face value of $8,500, a coupon rate of 10% paid quarterly. Assuming a required return of 13.5%, find the present value of the bond.
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