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Suppose 5 years ago, you purchased a corporate bond with 10-year maturity and a $1,000 par value.

chris98

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6 years ago

Suppose 5 years ago, you purchased a corporate bond with 10-year maturity and a $1,000 par value.

Suppose 5 years ago, you purchased a corporate bond with 10-year maturity and a $1,000 par
value. The coupon rate is 8% (compounded semi-annually) and bond interest is paid semiannually.
(You received 10 interest payments till now). Suppose the current market interest rate
is 10% (compounded semi-annually). What is the current market value of the bond?

a 1,400.00 b 1,208.19 c 922.77 d 989.14 e 1,059.67

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jasonbourne

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6 years ago

This helped my grade so much Perfect

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Just got PERFECT on my quiz

jayfo05

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Brilliant ツ

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