Question
A bond pays you $80 per year, at the end of each year, for the next 25 years as well as pay you an additional$1000
A bond pays you $80 per year, at the end of each year, for the next 25 years as well as pay you an additional$1000 mat the end of the 25th year. The required rate is 8 percent. How much should you be willing to pay for this note? (Using a TI-84)
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
