BSW Corporation has a bond issue outstanding with an annual coupon rate of 7.4 percent paid quarterly and four years remaining until maturity.

BSW Corporation has a bond issue outstanding with an annual coupon rate of 7.4 percent paid quarterly and four years remaining until maturity. The par value of the bond is $1,000. Determine the fair present value of the bond if market conditions justify a 10.5 percent, compounded quarterly, required rate of return.

 

Fair present value899.80selected answer correct

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