What will be the value of the bond of it matures
Problem:
A $1,000 par value bond pays $50 in interest every six months. What will be the value of the bond if it matures in 30 months and the yield-to-maturity of similar risk bonds is 8%?
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What will be the value of the bond if it matures in 30 months and the yield-to-maturity of similar risk bonds is 8%?
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