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An annuity pays $13 per year for 53 years. What is the future value (FV) of this annuity at the end of that 53 years
An annuity pays $13 per year for 53 years. What is the future value (FV) of this annuity at the end of that 53 years given that the discount rate is 5% ? A. $3,191.49 B. $1,914.89 C. $4,468.09 D. $3,829.79 A comnany issues a ten-year bond at par with a coupon rate of 6.5 6.4-16 semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 9.5%. What is the new price of the bond? A. $1,168 B. $835 C. $1,001 D. $1,000 Consider the following timeline detailing a stream of cash flows: If the current market rate of interest is 6%, then the present value (PV) of this stream of cash flows is closest to: A. $26,725 B. $35,634 C. $11,136
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