Question
Coupon rate = 5%, par value = 100 and maturity = 4 years Calculation of US Bonds = Interest PVF@5% for 4 years + Maturity
Coupon rate = 5%, par value = 100 and maturity = 4 years
Calculation of US Bonds
= Interest PVF@5% for 4 years + Maturity Value PVF@5% of 4th year
= 5 3.546 + 100 0.823
= 100.03
How do you get 0.823 for the PVF@5% of the 4th year. I cannot find this value in the table.
I appreciate your help.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
