Bond price: ABC Company is issuing a bond with the following characteristics: - Issue date...
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Bond price: ABC Company is issuing a bond with the following characteristics: - Issue date - January 1, 2022 - Face value - $300,000 - Coupon interest rate 6% - Maturity - January 1, 2028 - Interest payment dates of 1/1 and 7/1 of each year The market rate of interest is determined to be 7.5% BE SURE TO ANSWER EACH OF THE NEXT THREE QUESTIONS 1. Determine the present value of the interest payments on January 1,2022 2. Determine the present value of the face value on January 1,2022 3. Determine the total bond price when issued on January 1,2022
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