Solved: Interest is paid semi-annually and the debenture has 20, Basic Statistics

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Interest is paid semi-annually and the debenture has 20

A Janelle Industries debenture has a 10 per cent coupon rate and $100 face value. Interest is paid semi-annually, and the debenture has 20 years to maturity. If investors require a 12 per cent yield, what is the value of the debenture?

Select one:

A. $75.23

B. $47.71

C. $85.06

D. $84.95

E. $100.00 Incorrect

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The correct answer is: $84.95

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Basic Statistics: Interest is paid semi-annually and the debenture has 20

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Basic Statistics: Interest is paid semi-annually and the debenture has 20

Reference No:- TGS02807738

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