What is the value of a semiannually compounded bond with 14 years to maturity, a face value of $100,000, coupon rate of 6.40%, and a yield-to-maturity of 7.95% ? Round to the nearest $0.01.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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What is the value of a semiannually compounded bond with 14 years to maturity, a face value of $100,000, coupon rate
of 6.40%, and a yield-to-maturity of 7.95 % ? Round to the nearest $0.01.
Transcribed Image Text:What is the value of a semiannually compounded bond with 14 years to maturity, a face value of $100,000, coupon rate of 6.40%, and a yield-to-maturity of 7.95 % ? Round to the nearest $0.01.
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