Question
Guntion Inc. bonds have a 18-year maturity. a 9% coupon paid semiannually. and a par value of $1.000. If your required rate of return is
Guntion Inc. bonds have a 18-year maturity. a 9% coupon paid semiannually. and a par value of $1.000. If your required rate of return is 6% what is the intrinsic value of the bond?
Note: The answer is 1,327.48. PLEASE show me the simplified steps to acquire the answer using a TI-36x Pro calculator if possible. NO EXCEL/FINANCIAL CALCULATORS. Thanks so much.
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Essential Retirement Planning For Solo Agers A Retirement And Aging Roadmap For Single And Childless Adults
Authors: Sara Zeff Geber
1st Edition
1633537684, 978-1633537682
