Question
how can i solve the fallowing question without using the pv function in excel? Issued 150,000 of 6.5% 10 year bonds. the bonds are dated
how can i solve the fallowing question without using the pv function in excel?
Issued 150,000 of 6.5% 10 year bonds. the bonds are dated and sold January 1 2015. interest payments are January 1 and July 1. the bonds are issued to yield the market interest rate of 7%. Uses the effective interest method.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
