3. A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 5.2% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%. What is the value...

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A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 5.2% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%.

What is the value of the bond (in $)?

3. A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of<br>5.2% and pays interest twice a year. The annual market interest rate for similar bonds is<br>3.1%. What is the value of the bond (in $)?<br>

Extracted text: 3. A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 5.2% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%. What is the value of the bond (in $)?

Jun 05, 2022

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3. A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 5.2% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%. What is the value...

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