What is the value of a bond that matures in 17 years, makes an annual coupon payment of $50, and has a par value of $1,000? Assume a required rate of return of .0590. Instruction: Type your answer in dollars, and round to two decimal places
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What is the
Instruction: Type your answer in dollars, and round to two decimal places
face value = fv = $1000
Coupon = c = $50
Time = t = 17 Years
Required rate of return = r = 0.0590 or 5.9%
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