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Question - How do calculate the present value of the bond

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Question - How do calculate the present value of the bond?

Bond valuation-Semiannual interest - Find the value of a bond maturing in 7 years, with a $1,000 par value and a coupon interest rate of 9% (4.5% paid semiannually) if the required return on similar-risk bonds is 17% annual interest (8.5% paid semiannually).

Reference no: EM132631837

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