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    Fair value of the bond

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    A $1000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bonds rate is 7.4%. What is the fair value.

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    https://brainmass.com/business/bond-valuation/fair-value-of-the-bond-283478

    Solution Summary

    The solution explains how to calculate the fair value of the bond

    $2.49

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