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Please Help Not sure if I did it correct…. A 5-year, $1,000-face value bond is sold at the end of 2017 for $800.The bond pays 6% interest.Interest payments will be made starting at the end of 2018 u
Please Help Not sure if I did it correct….
A 5-year, $1,000-face value bond is sold at the end of 2017 for $800.The bond pays 6% interest.Interest payments will be made starting at the end of 2018 until the bond’s maturity in 2022. Show the yearly cashflow for the bond’s issuer.