Mathematics, 02.03.2021 17:50 lilpump3506

Lightening electrics Outstanding bond has $1000 maturity value in a 4 1/2% coupon rate of interest paid semiannually. The bond which was issued five years ago, matures in 10 years. If investors require a return equal to 6% to invest in similar bonds, what is the current market value of lightnings bonds

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