Question
5.Susan buys a bond which will pay $120 in interest each year for 10 years, and at the end of the 10 years, she will
5.Susan buys a bond which will pay $120 in interest each year for 10 years, and at the end of the 10 years, she will receive the return of principal in the amount of $1,000. If the discount rate is 8%, what is the calculated value of the bond?
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
