A: Using financial calculator
Input: FV= 1000
N=30, PMT=13%*1000=130
I/Y=14, Solve for PV as -929.97
Price of bond = $929.97
B:
Using financial calculator
Input: FV= 1000
N=15, PMT=13%*1000=130
I/Y=14, Solve for PV as -938.58
Price of bond = $938.58
C:
Using financial calculator
Input: FV= 1000
N=9, PMT=13%*1000=130
I/Y=14, Solve for PV as -950.54
Price of bond = $950.54
Time value 2.27 points Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 13 percent annual inte...
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