Question
A bond promises to pay $1,260 20 years from today. No interest will be paid on the bonds during the 20 years. If the interest
A bond promises to pay $1,260 20 years from today. No interest will be paid on the bonds during the 20 years. If the interest rate is 6%, what is the bonds present value?
Multiple Choice
$63.00
$392.87
$957.12
$1,260.00
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
