Bayside Corporation has $1000 par value non-callable bonds with 9 years left to maturity. These bonds have a stated fixed annual coupon rate of 6.5%  ( with semi annual interest payments) a) what are these bonds worth today if the required market rate of return  is 9%  b) what are these bonds worth today if the required market rate of return is 7.5%

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
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Bayside Corporation has $1000 par value non-callable bonds with 9 years left to maturity. These bonds have a stated fixed annual coupon rate of 6.5%  ( with semi annual interest payments)

a) what are these bonds worth today if the required market rate of return  is 9% 

b) what are these bonds worth today if the required market rate of return is 7.5%

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