What is the bond's par value?

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(bonds, pt1, exercise)

A corporate bond issued 5 years ago with a coupon rate of 7% is now selling in the secondary market for $960. The coupon interest is paid semi-annually.

a) What is the bond’s par value?

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b) Is the bond trading in the secondary market at par, at a discount, or at a premium?

c) If you own one of these bonds, how much interest will you earn each year?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

What is the bond’s par value?

Best Available Writers