Question
1.What would you pay for a $50,000 debenture bond that matures in 10 years and pays $5,000 a year in interest (compounded annually), if you
1.What would you pay for a $50,000 debenture bond that matures in 10 years and pays $5,000 a year in interest (compounded annually), if you wanted to earn a yield of:
a.8%$____________________
b.10%$____________________
c.12%$____________________
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
