Determine the value of the bond

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Reference no: EM13918838

National Steel 15-year, $1000 par value bonds pay 5.5 percent interest annually. The market price of the bonds is &1,085, and your required rate of return is 7 percent. a. Compute the bonds expected rate of return. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond? Please show steps of how to do in excel

Reference no: EM13918838

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