Mathematics, 25.07.2020 19:01 dummynate
A Microgates Industries bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12 percent yield, what is the bond’s value? * a. $849.45 b. $879.60 c. $985.18 d. $963.15 e. None of the above
Answers: 1
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A Microgates Industries bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid...
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