Find the value of bond maturing in six years

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Find the value of a bond maturing in 6 ?years, with a ?$1 000 par value and a coupon interest rate of 8 ?% ?(4 ?% paid? semiannually) if the required return on? similar-risk bonds is 16 ?% annual interest left parenthesis 8 % paid? semiannually).

Reference no: EM131458489

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