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Homework answers / question archive / A corporate bond has an 8

A corporate bond has an 8

Finance

A corporate bond has an 8.5% coupon rate, pays interest semiannually and matures in 15 years. The bond's par value is $1,000. If the investors' annual required rate of return is 10%, the intrinsic value of the bond should be 5585 5923 0 51156 51231 51220

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=PV(10%/2,2*15,-8.5%*1000/2,-1000)
=884.71
=885

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