20. Choose the best answer Suppose a bond has the following characteristics: residual...
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Accounting
20. Choose the best answer
Suppose a bond has the following characteristics: residual value of 10,000, six years to maturity, oupon interest of 8% and pays interest semi-annually. Determine the value of the bond if the yield required by the investor is 10%.
Possible answers
$ 811.37
$ 911.37
$ 611.37
$ 711.37
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