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Assume that the appropriate YTM on a bond is 11.8%, with a face value of $4,000 and reaches maturity in 30 years. The bond certificate indicates that the stated coupon rate for this bond is 8%, and that the coupon bonds are to be made semi-annually (APR). What is the price that this bond will trade for? Round your answer to zero (0) decimal places, write answer in dollars, but do not report the dollar ($) sign.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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