Question
Calculate the price of a bond with FV of $1,000, a coupon rate of 8 percent (paid semi-annually), and 7 years to maturity when a.
Calculate the price of a bond with FV of $1,000, a coupon rate of 8 percent (paid semi-annually), and 7 years to maturity when
a. k = 10 percent
b. k = 8 percent
c. k = 6 percent
(Round present value factor calculationsto 5 decimal places, e.g. 1.25124 and final answersto 2 decimal places e.g. 1,289.71.) PLEASE SHOW ALL THE STEPS
Price of bond
a.
b.
c.
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
