Question
Calculate the price of a bond with FV of $1,000, a coupon rate of 14 percent (paid semi-annually), and 8 years to maturity when a.
Calculate the price of a bond with FV of $1,000, a coupon rate of 14 percent (paid semi-annually), and 8 years to maturity when
| a. | kb = 16 percent | |
| b. | kb = 14 percent | |
| c. | kb = 12 percent |
(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 1,289.71.)
| Price of bond | ||
|---|---|---|
| a. |
| |
| b. |
| |
| c. |
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Military Finances Personal Money Management For Service Members Veterans And Their Families
Authors: Cheryl Lawhorne-Scott, Don Philpott
1st Edition
144222214X, 978-1442222144
