What are the four basic financial statements

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1. You own an 11% $1,000 par bond pays its coupon twice each year. The market rate has dropped to 7% and the bond has 12 years left to maturity. You decide to sell the bond as you believe rates will be rising again, soon. What price should you get for this bond? PLEASE SHOW WORK

2. What are the 4 basic financial statements? What information do they contain? How can we use them to improve upon decision-making?

Reference no: EM131868897

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