Details of this Paper

Assuming the market rate of interest is 10% calculate the selling price for each bond issued

Description

solution


Question

1). 830 bonds, 1000 face value, 8% stated rate, 10 year semi annual interest payment. Assuming the market rate of interest is 10% calculate the selling price for each bond issued. Answer to nearest dollar.;2). 1990 bonds, 500 face value, 12% stated rate, 15 year semi annual interest payment. Assuming the market rate of interest is 10% calculate the selling price for each bond issued. Answer to nearest dollar.

 

Paper#20453 | Written in 18-Jul-2015

Price : $27
SiteLock