What is market value of the bond

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Reference no: EM131593948

A twelve-year bond, with par value equals $1,000, pays 8% annually. If similar bonds are currently yielding 7% annually, what is the market value of the bond? Use semi-annual analysis. Use Appendix B and Appendix D. (Round "PV Factors" to 3 decimal places, intermediate calculations and final answer to 2 decimal places.)

Reference no: EM131593948

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