Suppose a company needs funds for a project so it is selling some $1,000 par value, 5% annual coupon rate bond with 20 y

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Suppose a company needs funds for a project so it is selling some $1,000 par value, 5% annual coupon rate bond with 20 y

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Suppose A Company Needs Funds For A Project So It Is Selling Some 1 000 Par Value 5 Annual Coupon Rate Bond With 20 Y 1
Suppose A Company Needs Funds For A Project So It Is Selling Some 1 000 Par Value 5 Annual Coupon Rate Bond With 20 Y 1 (19.28 KiB) Viewed 10 times
Suppose a company needs funds for a project so it is selling some $1,000 par value, 5% annual coupon rate bond with 20 years to maturity. If the bond pays interest monthly and if the market's required rate is 8% then what is the bond selling for currently or what is the value of this bond? (Round your answer to 2 decimal point)
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