16) Blue's Chips Inc. has a $1,000 par value bond o that is currently selling for...

Question

Question

business finance

Answer 1

Answer #1

Calculate for I/Y in a financial calcualtor, punch in:

FV=1000

PV=-1300

N=9*2 =18

PMT =7%/2*1000 =35

YTM will be 1.57%*2 =3.15%

Answer 2

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