Question
Assume that the following cash flows characterize a bond. Interest rate is 4 percent. Time in years: 0.25 0.5 0.75 1 Cash Flow: 150,000 20,000
Assume that the following cash flows characterize a bond. Interest rate is 4 percent.
Time in years:
0.25
0.5
0.75
1
Cash Flow:
150,000
20,000
8,000
5,000
The price of the bond isclosestto:
Group of answer choices
163,073.4
180,723.8
174,107.9
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
