Question
Assume that four years after the Venture Healthcare bonds (ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value) were
Assume that four years after the Venture Healthcare bonds (ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value) were issued, the required interest rate rose to 15%. What would be the bonds value? Hint: Watch the Homework Hint video to figure out how to calculate this using Excel.
a. $1,000.00
b. $886.47
c. $1,357.40
d. $952.01
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
