Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value...

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Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value...

Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value of $1000. If the going market interest rate for bonds of similar risk and maturity is 5.05%(based on semiannual compounding), what is the bond's price?

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Answer 1

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H26 fax --PV(H24, H16, H18, H20) 9 Bond price 10 Semi Annually: 11 7.25% 15.00 12 COUPON RATE 13 14 YEAR TO MATURITY 15 16 NP

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Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value...