Given the information what be the market value 6 years from now: 11% of corporations...
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Finance
Given the information what be the market value 6 years from now:
11% of corporations has a par value of 400,000,000 with ten year remaining till maturity.
The yield to maturity is now is 11.9% . however, in 6 years investors the investors in the market will require 9% on corporate bonds. Estimate the market value of the corporate bonds in six years.
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