The first is a 12-year bond that is selling at 1200 par1000


The first is a 12-year bond that is selling at $1200 (par=$1000, 12% coupon interest), and your required rate of return on it is 12%.

calculate the value and expected return?

 

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Finance Basics: The first is a 12-year bond that is selling at 1200 par1000
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