Whatever inc has a bond outstanding with a coupon rate of


1. You are set to receive an annual payment of $12,300 per year for the next 19 years. Assume the interest rate is 7.2 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?

2. Whatever, Inc., has a bond outstanding with a coupon rate of 5.87 percent and semiannual payments. The yield to maturity is 6.9 percent and the bond matures in 13 years. What is the market price if the bond has a par value of $1,000?

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Financial Management: Whatever inc has a bond outstanding with a coupon rate of
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