solved : On July 1, 2015, Janet purchased a corporate bond with a fac
On July 1, 2015, Janet purchased a corporate bond with a face valueof $45,000 and coupon rate of 3.5% compounded semi-annually. The bond matures in 20 years. On July 1, 2020, Janet decides to sell the corporate bond. How much is the bond worth if interest rate for similar bonds is J2=3.0%.Business Finance
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