Question
I just need this answer to be solved using BA II plus calculator. Please do not use any formula. A $25,000 City of Kingston bond
I just need this answer to be solved using BA II plus calculator. Please do not use any formula.
A $25,000 City of Kingston bond issued on July 17, 2007, with five years to maturity has a coupon rate of 5.12%. It was sold on January 10, 2010, at a market rate of 4.18%.
Calculate the following:
a)Market Value
b)Accrued Interest
c)Cash Price
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Advertising & IMC Principles & Practice
Authors: Sandra Moriarty, Nancy Mitchell, William Wells
9th Edition
9780132998208, 0132163640, 132998203, 978-0132163644
