What is the value of the bond using both semi-annual and
What is the value of the bond using both semi-annual and annual discounting if
• Face value: $1,000 • Coupon rate: 5% (annual) • Maturity: 5 years • Investor’s required rate of return: 8% ?
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a 14-year annuity pays 2800 per month and payments are made at the end of each month the interest rate is 12 percent
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