If there are 22 years to maturity and your required rate of, Financial Management

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If there are 22 years to maturity and your required rate of

The ABC company bond has an annual coupon rate of 5.50%, pays interest semi-annually and has a face value of $1,000. If there are 22 years to maturity and your required rate of return on bonds of this risk level is 6.50%, what is the bonds value to you? show work. (with this problem solve for its present vaule and show all work with the formula).

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