Find value of bond with charateristic face value-coupon rate


Find the value of a bond with the following charateristics: face value of $1,000, 8% coupon rate, the bond matures in 15 years, the market rate of interest is 8%. Is the bond currently selling at discount to par, premium to par or a par value?

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Finance Basics: Find value of bond with charateristic face value-coupon rate
Reference No:- TGS0558934

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