A corporate bond has a face value of $1000 withmaturity
Chapter , Problem 5-83(choose chapter or problem)
A corporate bond has a face value of $1000 withmaturity date 20 years from today. The bond paysinterest semiannually at a rate of 8% per year basedon the face value. The interest rate paid on sim-ilar corporate bonds has decreased to a currentrate of 6%. Determine the market value of thebond
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