What is the value of a bond that has a par value of 1000


What is the value of a bond that has a par value of $1,000, a coupon rate of 11.28 percent (paid annually), and that matures in 8 years? Assume a required rate of return on this bond is 9.20 percent.

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Financial Management: What is the value of a bond that has a par value of 1000
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