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    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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    Solution Preview

    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 ...

    Solution Summary

    Calculates price of a bond.

    $2.19

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