Question
ABC Paper Corporation is looking to sell $50,000 in bonds with $4,000 in coupon interest payments, and a 6% interest rate due in 10 years.
ABC Paper Corporation is looking to sell $50,000 in bonds with $4,000 in coupon interest payments, and a 6% interest rate due in 10 years. Assume that the 3 digit present value of the bond is .512, and the 3 digit present value of the coupon interest payment is 4.98. What is the present value of the bond?
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Law, Business And Society
Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker
12th Edition
1259721884, 978-1259721885
