Price of a bond
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Nungesser Corporation's outstanding bonds have a $1000 par value, a 9 percent semiannual coupon, 8 years to maturity, and a 8.5 percent YTM. What is the bond's price?
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Calculates price of a bond.
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Nungesser Corporation's outstanding bonds have a $1000 par value, a 9 percent semiannual coupon, 8 years to maturity, and a 8.5 percent YTM. What is the bond's price?
Calculating Price of bond
To calculate the price of the bond we need to calculate / read from tables the values of
PVIF= Present Value Interest ...
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