What is the value of the bond

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Question - Reconsider the previous illustration of a P1,000 par value bond issued by MERALCO with maturity date of 2026 and a stated coupon rate of 8.5% to be paid semiannually on January 15 and July 15. On January 1, 2007, the bond had 20 years left to maturity, and the market's required yield to maturity for similar rated debt was 7.5%. What is the value of the bond?

Reference no: EM132986240

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