A Treasury bond pays $1 million at the end of 20 years. What is its present value

Question:

A Treasury bond pays $1 million at the end of 20 years. What is its present value if the interest rate is 4%?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9781264101566

11th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus

Question Posted: