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You own a bond with a 8% coupon rate and $1,000 par value. Assume payments are made semi-annually and the bond matures in 20 years. The annual market interest rate is 9% percent…

You own a bond with a 8% coupon rate and $1,000 par value. Assume payments are made semi-annually and the bond matures in 20 years. The annual market interest rate is 9% percent…
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You own a bond with a 8% coupon rate and $1,000 par value. Assume payments are made semi-annually and the bond matures in 20 years. The annual market interest rate is 9% percent. Calculate the value of the bond.

asked
User Adam Eisfeld
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8.6k points

1 Answer

1 vote

Answer:

the answer is 23.765%

Step-by-step explanation:

answered
User Pedroteixeira
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7.7k points
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