Posted: September 23rd, 2016
What is the value (price) of a bond that pays $400 semiannually for 10 years and returns $10,000 at the end of 10 years?
What is the value (price) of a bond that pays 0 semiannually for 10 years and returns ,000 at the end of 10 years? The market discount rate is 10% paid semiannually.
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