Question
a. You own a 28-year, 4.1% annual coupon bond with $1,000 face value. If the yield to maturity is 5%, how much is it worth?
a. You own a 28-year, 4.1% annual coupon bond with $1,000 face value. If the yield to maturity is 5%, how much is it worth? Round to the nearest cent.
b. You make a one-time $2,604 deposit into an account which pays 2.6% compounded weekly. If you don't touch this account for 6 years, how much interest will the account generate during that time? Round to the nearest cent.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
