Knight inc has issued a three-year bond that pays a coupon


Knight, Inc., has issued a three-year bond that pays a coupon of 5.50 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.10 percent, what is the market value of the bond?

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Finance Basics: Knight inc has issued a three-year bond that pays a coupon
Reference No:- TGS0939712

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