The bond makes no payments for the first six years then


Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $50,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. What is current price of Bond M?

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Finance Basics: The bond makes no payments for the first six years then
Reference No:- TGS0607920

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