Question
A 700 par value 5-year 5% bond with semi-annual coupons is purchased for 669.59. The present value of the redemption amount is 510.32. Compute the
A 700 par value 5-year 5% bond with semi-annual coupons is purchased for 669.59. The present value of the redemption amount is 510.32. Compute the redemption amount.
| 625 | ||
| 619 | ||
| 623 | ||
| 582 | ||
| 607 |
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
