Solve using a BA II Plus Texas Instruments calculator A 10 year annual payment...
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Finance
Solve using a BA II Plus Texas Instruments calculator
A 10 year annual payment corporate bond has a market price of $1050. It pays annual interest of $100 and its required rate of return is 9 percent. By how much is the bond overvalued.
I know the answer is overpriced by $14.18 I just don't know how to do it.
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