Zhen Yi Computers Has an Outstanding Issue of Bond with a Par

question 104

Essay

Zhen Yi Computers has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate semi-annually. The bond was issued 25 years ago and has 5 years to maturity. What is the value of the bond assuming 14 percent rate of interest?

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Definitions:

Fire

A chemical reaction involving rapid oxidation or burning, producing heat, light, and various reaction products.

Nasal Congestion

The blockage of nasal passages usually due to membranes lining the nose becoming swollen from inflamed blood vessels, often a symptom of a cold, allergy, or flu.

Runny Nose

The excessive discharge of mucus from the nasal passages, often a symptom of colds, allergies, or other irritations.

Incubation

The period between exposure to an infection and the appearance of the first symptoms.