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Category > Business & Finance Posted 02 Aug 2017 My Price 8.00

HexCorp Inc. has two different bonds

HexCorp Inc. has two different bonds currently outstanding. Bond A has a face value of $40,000 and matures in 20 years. The bond makes no payments for the first 6 years, pays $2,000 semiannually for the subsequent 8 years and finally pays $2,500 semiannually for the last 6 years. Bond B also has a face value of $40,000 and matures in 20 years. However, it makes no coupon payments over the life of the bond. If the stated annual interest rate is 12 %, compounded semiannually,
a) What is the price of Bond A?
b) What is the price of Bond B?

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Status NEW Posted 02 Aug 2017 06:08 PM My Price 8.00

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