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What is bond value for joseph solomon

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Reference no: EM132761872

Problem 1: Joseph Solomon is interested in finding the value of a 20 year corporate bond that he recently purchased. The newly issued bond has a 12% annual coupon interest rate and a 100,000 par value. Bonds of similar risk have a 11% required annual rate of return or discounted rate. What is bond value (V)?

Reference no: EM132761872

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