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The Stout Corporation has issued bonds that have a 7 percent coupon rate, payable semiannually. The bonds mature in 14 years, have a face value
The Stout Corporation has issued bonds that have a 7 percent coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 5.8 percent. What is the current price of the bonds? Please help me use the "TVM Solver" in a TI-84 calculator.
These are the inputs:
N=0
I%=0
PV=0
PMT=0
FV=0
P/Y=1
C/Y=1
PMT: END or BEGIN?
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