Question
ABC Health Med, has a $1,000 par value bond with an 8 percent rate outstanding. The bond has 12 years remaining to it maturity date.
If interest is paid semiannual interest, what is the value of the bond when the required return is 8 percent. Show all work.
If interest is paid semiannual interest, what is the value of the bond when the required return is 8 percent. Show all work.