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Homework answers / question archive / How much should a $1,000-face-value bonds sell for, assuming the following conditions: The bond pays a coupon of 11% The coupon payments are paid annually

How much should a $1,000-face-value bonds sell for, assuming the following conditions: The bond pays a coupon of 11% The coupon payments are paid annually

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How much should a $1,000-face-value bonds sell for, assuming the following conditions:
The bond pays a coupon of 11%
The coupon payments are paid annually.
The required rate of return on similar-risk investments is 9%.
The bond matures in 15 years

How much should a $1,000-face-value bonds sell for, assuming the following conditions:
The bond pays a coupon of 7%
The coupon payments are paid semi-annually.
The required rate of return on similar-risk investments is 7%.
The bond matures in 10 years

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