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JP Steel sold an issue of 5-year $1,000 par bonds. The bonds pay 5% interest, semiannually....

JP Steel sold an issue of 5-year $1,000 par bonds. The bonds pay 5% interest, semiannually. Today's required rate of return is 10%. How much should these bonds sell for today (market value)?

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Date : JP steel face value = $ 1000 Interest = 5% semiannually (1.e 2.5%) Requined rate of return = 10%. Calculation of IntreDate: Page: Question is is per not annum clear or about interest rate s t. semi-annually. So, if (ie also you assume 5% interAppreciate our efforts Auswer / Salution FOR ANY DOUBT OR QUERY COMMENT BELOW. THANK - you

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