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Bond’s Value Assignment | Homework For You

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May 29th, 2020
7 (15 points). Morin Company’s bonds mature in 3 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The discount rate is 8.2% on these bonds. What is the bond’s value? (Note: Use and write formula for the full credit. Copying an answer obtained from a financial calculator only guarantees a maximum of 10 points).Get Finance homework help todayHomework For You

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