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What is the current price of a $1,000 par value bond maturing in 20 years with...

What is the current price of a $1,000 par value bond maturing in 20 years with a coupon rate of 8%, paid annually, that has a required return of 12%? Please include 2 decimal places

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As no method was mentioned I have solved the problem using excel function.

Please upvote if the answer is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 2 years ago
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