Present value of the stream of semiannual cash flows

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Assume a bond with a par value (value upon maturity) of $2,400, a Coupon Rate of 6%, and a maturity period of 3 years. Suppose, furthermore, semiannual coupon payments and compounding at a market interest rate of 9%. Please compute the market price of this bond or the present value of the stream of semiannual cash flows.

Reference no: EM132005824

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