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A company has 15-year bonds with a $5000 maturity value and a quoted coupon rate of 14% paid semiannually. The current yield is 10% compounded
A company has 15-year bonds with a $5000 maturity value and a quoted coupon rate of 14% paid semiannually. The current yield is 10% compounded semiannually. (Round your answers to the nearest cent.) (a) Compute the price of these bonds. $ 6210.6127 x (b) Suppose that with 12 years remaining until maturity, the yield rate drops to 8% compounded semiannually. Find the new price of these bonds. Find the present value of an annuity of $3000 per year at the end of each of 6 years after being deferred for 5 years, if money is worth 9% compounded annually. (Round your answer to the nearest cent.) $ 4146.7
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