A bond with a face value of $1000 made a payment earlier today and has exactly 2 years left until it matures. The bond makes semi-annual payments of $50 each. Currently, the interest rate on newly-issued, same-risk bonds is 8.39%. What is the value of this bond? Correct answer: 1032 Full explain this question and text typing work only Not :- text typing work only
A bond with a face value of $1000 made a payment earlier today and has exactly 2 years left until it matures. The bond makes semi-annual payments of $50 each. Currently, the interest rate on newly-issued, same-risk bonds is 8.39%. What is the value of this bond? Correct answer: 1032 Full explain this question and text typing work only Not :- text typing work only
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A bond with a face value of $1000 made a payment earlier today and has exactly 2 years left until it matures. The bond makes semi-annual payments of $50 each. Currently, the interest rate on newly-issued, same-risk bonds is 8.39%. What is the
Correct answer: 1032
Full explain this question and text typing work only
Not :- text typing work only
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