Question
Given the following data for a bond issuance: Principal $10,000 4-year factors Coupon (stated) Rate 8% 8%, PV of $1 Market Rate 10% Term
Given the following data for a bond issuance: Principal $10,000 4-year factors Coupon (stated) Rate 8% 8%, PV of $1 Market Rate 10% Term 4 years 8%, PV of Annuity 10%, PV of $1 .735 3.31213 .683 Interest paid annually 10%, PV of Annuity 3.17 The sale price of the bond is approximately. Oa. $9,480 O b. $8,554 $10,685 Od. $9,366 e. $10,142
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Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
