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What are the main characteristics of a Bond? Please define each of the bond characteristics....

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Accounting

  1. What are the main characteristics of a Bond? Please define each of the bond characteristics. (10 Marks)

  1. Please show the workings of the following problems.

  1. Calculate the present value of a 6 year bond with a 9% coupon. The interest rate is 12%

  1. A 4 years bond with a 14% coupon can be bought for $1,200. What is the yield to maturity?

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