Bond valuationlong dashmdashsemiannual interest find the, Financial Management

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Bond valuationlong dashmdashsemiannual interest find the

Bond valuationlong dash—Semiannual interest. Find the value of a bond maturing in 66 ?years, with a ?$1 comma 0001,000 par value and a coupon interest rate of 1111?% ?(5.55.5?% paid? semiannually) if the required return on? similar-risk bonds is 14?% annual interest left parenthesis 7 %(7% paid? semiannually). The present value of the bond is ?$ nothing. ?(Round to the nearest? cent.)

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Financial Management: Bond valuationlong dashmdashsemiannual interest find the

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