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QUESTION
You have the following bond: $1000 Par Value, 13 years to maturity, 11% Market rate of interest, Coupon of 12%, semi-annually compounded, What is the...
You have the following bond: $1000 Par Value, 13 years to maturity, 11% Market rate of interest, Coupon of 12%, semi-annually compounded, What is the PV of the coupon stream only? Answer is given as positive.
DO NOT use any commas in the amount. Ex: 10500, not 10,500
