Question
Please show the calculations also else dont attempt, cant have wild guesses. Thanks A company has issued a $20,000, 10 year bond. Each bond pays
Please show the calculations also else dont attempt, cant have wild guesses. Thanks
A company has issued a $20,000, 10 year bond. Each bond pays interest quarterly of 4%. Determine the amount a purchaser has to pay for the bond, if it yield a 12% compounded semiannually.
These are the options
a. PW = $ 31902
b. PW = $ 11902
c. PW = $ 28000
d. PW = $ 32000
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
