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


Finance: Value of the Bond annually

Question

What is the value of a bond that has a par value of $1,000, a coupon rate of 7.35 percent (paid annually), and that matures in 16 years? Assume a required rate of return on this bond is 10.58 percent.

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Finance Basics: What is the value of a bond that has a par value of 1000 a
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