Question
b) Leigh Delight Candy Berhad is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and will mature
b) Leigh Delight Candy Berhad is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and will mature in 15 years and pay RM40 each quarter. The other alternative is a Mars' bond that will mature in 18 years and pay RM50 each quarter. Compute the present value of each bond if the discount rate is 12% compounded quarterly, and each bond pays RM1,000 at maturity.
Can I know how to compute this without using Excel ?
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Study Guide To Accompany Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Mark Simonson
1st Edition
0321388682, 9780321388681
