Calculate the present value of a fixed coupon bond with a maturity of 3 years with a face value of $1,000,000, whose coupon rate is 7% per year and IRR is 9%.

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Answer to a math question Calculate the present value of a fixed coupon bond with a maturity of 3 years with a face value of $1,000,000, whose coupon rate is 7% per year and IRR is 9%.

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Frederik

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\frac{1000000}{\left(1+9\%\right)^{-3}}+7\%\times1000000\times\frac{1-\left(1+9\%\right)^ {-3}}{9\%}=949374,11

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