Mathematics, 02.04.2020 02:58 S28462182

A $1,000 par value bond was issued five years ago at a 12 percent coupon rate. It currently has 25 years remaining to maturity. Interest rates on similar debt obligations are now 14 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

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A $1,000 par value bond was issued five years ago at a 12 percent coupon rate. It currently has 25 y...