What is the bonds valuenbspwhat is the effective annual
A company's bond has a 10% coupon rate and a $1000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12% yield, what is the bond's value? What is the effective annual yield on the bond?
Now Priced at $12 (50% Discount)
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a companys bond has a 10 coupon rate and a 1000 face value interest is paid semiannually and the bond has 20 years to
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