Assuming no brokerage fees, calculate the amount of cash needed to retire baldwin's 11.2s2026 bond early.
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Answer:
"The answer is, “Bond Price / 100 * principal”
Bond price is the one that shows the value that is discounted on a certain product. It shows the total future cash stream of a product by a single bond.
Also, the sum of the present value is shown as per the coupon of the maturity that helps in elaborating the future cash flow.
"
Explanation:
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