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Given the following information: on a bond: Par Value: $10,000 Coupon Rate: 8.6%, semi-annual payments Maturity: 11 years Mkt Rate of Interest: 11.00% You pay:
Given the following information: on a bond:
Par Value: $10,000
Coupon Rate: 8.6%, semi-annual payments
Maturity: 11 years
Mkt Rate of Interest: 11.00%
You pay: $8,670.00
What is the NPV of this transaction?
A. $0.00
B. $8,490
C. $90
D. $180
E. ($180)
Par Value: $10,000
Coupon Rate: 8.6%, semi-annual payments
Maturity: 11 years
Mkt Rate of Interest: 11.00%
You pay: $8,670.00
What is the NPV of this transaction?
A. $0.00
B. $8,490
C. $90
D. $180
E. ($180)
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Answer E 180 The NPV of this transaction is 180 This ...
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
