Business, 14.02.2020 18:14, cchsemily4651

Thai savings bank issues 100,000 bonds as a response to the thai central bank's initiatives to increase domestic saving. the bonds have a face value of $40,000 each, a bond interest rate of 8% per year payable annually, and maturity date of 14 years. what is the current price of a bond, if the market interest rate is 9% per year, compounded semiannually

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Thai savings bank issues 100,000 bonds as a response to the thai central bank's initiatives to incre...