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Hello would you please help me with the following here you go Complete the below table to calculate the price of a $1.9 million bond
Hello would you please help me with the following
here you go
Complete the below table to calculate the price of a $1.9 million bond issue under each of the following (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) 1. Maturity 13 years, interest paid annually, stated rate 9%, effective (market) rate 12% Answer is complete but not entirely correct Table values are based on: 13 V 12.0% v Cash Flow Amount Present Value S 1,098,427 171,000 Interest 685 159x 1,900,000 Principal 1,783,586 Price of bonds 2. Maturity 9 years, interest paid semiannually, stated rate 9%, effective (market) rate 12% Answer is complete and correct Table values are based on: 6.0% Cash Flow Present Value Amount 925,760 85,500 Interest 1,900,000 665,646 Principal 1,591,406 Price of bonds
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