Question
How do I use TI-84+ CE to calculate the following? Exodus Limousine Company has $1,000 par value bonds outstanding at 12 percent interest. The bonds
How do I use TI-84+ CE to calculate the following?
Exodus Limousine Company has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 50 years.
Compute the current price of the bonds if the percent yield to maturity is 6%.
Compute the current price of the bonds if the percent yield to maturity is 10%.
Everything I tried give a PV of greater than 1000 or less than 0.1
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
