Question
if $100,000 of 12-year, 7% bonds, paying interest annually, were issued at par four years ago, and the current market rate of interest for the
if $100,000 of 12-year, 7% bonds, paying interest annually, were issued at par four years ago, and the current market rate of interest for the same type of security is 10%, what is the present value of the liability (rounded to the nearest dollar)?
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Sovereign Debt Crisis The New Normal And The Newly Poor
Authors: D. Chorafas
1st Edition
0230298400, 9780230298408
