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What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 5 years if the appropriate discount rate is 2%.Please round your answer to the nearest cent.What
What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 5 years if the appropriate discount rate is 2%.
Please round your answer to the nearest cent.
What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 5 years if the appropriate discount rate is 2%.
What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 5 years if the appropriate discount rate is 2%.
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******** ****** ************ ****** amount =$1000*6% ********** ** ***** to ******** ** yearscurrent Value ** **** * ******* ***** of ******** *** * ***** * ******* ***** ** maturity ************* ***** ** annuity factor at 12% *** * ***** =360478Present ***** ****** ** 5 ***** ** *** ************** ***** of Bond * ******* Interest ******** ***** ** ******* ****** ** 12% *** 5 ****** * ********* ****** *'Present vlaue ****** at 5 ***** ** 12%)Curent Value ** **** ************* + ($1000*056743) *************** ********* *******