Question
Assume that a bond makes 10 equal annual payments of $ 1 , 000 starting one year from today. The bond will make an additional
Assume that a bond makes 10 equal annual payments of$1,000starting one year from today.
The bond will make an additional payment of$100,000at the end of the last year, year 10.
if the discount rate is3.5$%per annum, what is the current price of the bond?
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
