Question
Please assist with the below finance/investing question. Two bonds have par values of $1,000. One is a 4%, 10-year bond priced to yield 8.0%. The
Please assist with the below finance/investing question.
Two bonds have par values of $1,000. One is a 4%, 10-year bond priced to yield 8.0%. The other is a(n) 7%, 23-year bond priced to yield 6.5%.
The price, PV, of the 4%, 10-year bond is ?
The price, PV, of the 7%, 23-year bond is ?
(Round to the nearest cent.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
