Question
Use the present value tables to find the price of a 15 year $100,000 bond issued on January 1, 2010, with a coupon rate of
Use the present value tables to find the price of a 15 year $100,000 bond issued on January 1, 2010, with a coupon rate of 10 percent. The bond was issued to yield 12 percent. Interest is paid semi-annually on June 30 and December 31. What is the price of the bond?
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Understanding Financial Accounting A Guide For Non-specialists
Authors: Jimmy Winfield, Mark Graham, Taryn Miller
1st Edition
0198847270, 9780198847274
