A corporation has bonds outstanding that mature in 10 years. The bonds have a 7% coupon...
Homework Answers
| Price of bond | = | =-pv(rate,nper,pmt,fv) | |
| = | $ 869.92 | ||
| Where, | |||
| rate | 9%*6/12 | = | 4.50% |
| nper | = | 20 | |
| pmt | 1000*7%*6/12 | = | $ 35 |
| fv | = | $ 1,000 | |
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corporation has bonds outstanding that mature in 10 years. The
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