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Use the following information to answer the question tha follows below:- n = 60 The bond has a maturity of 30 years, so it makes
| Use the following information to answer the question tha follows below:- | |||||||
| n = 60 | The bond has a maturity of 30 years, so it makes 60 semiannual payments | ||||||
| I = 3 | The semi annual rate is 3% | ||||||
| fv = 1,000 | The bond will provide a one time cash flow of $1,000 when it matures | ||||||
| pmt = 40 | Each semiannual coupon payment is $40 | ||||||
| Calculate the price of the bond for a market interest rate of 3% per half year. | |||||||
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Principles Of Project Finance
Authors: E.R. Yescombe
1st Edition
0127708510, 978-0127708515
