Find the bond''s current value

Reference no: EM131287377

1. What is the purchase price of a $1,000 bond that is maturing in 20 years at 12% interest if the required rate of return is 15%?

2. An investor who wants to yield of 8% would like to invest in a $1,000 bond maturing in 15 years at a coupon rate of 10.5%. Find the bond's current value.

Reference no: EM131287377

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