School has issued a new bond facedd at 1000 maturing in 20


School has issued a new bond, facedd at $1000, maturing in 20 years. It pays interest semi annually, at 8% nominal. The nterest rate of similar School bonds has decreased to 6%. What is the current market value of the School bond.

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Business Economics: School has issued a new bond facedd at 1000 maturing in 20
Reference No:- TGS01479445

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