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using Texas instrument BA II Plus Stark Industries issues a $1,600,000 bond that will mature in 23 years. The coupon rate is 8.1% with semi-annual
using Texas instrument BA II Plus
Stark Industries issues a $1,600,000 bond that will mature in 23 years. The coupon rate is 8.1% with semi-annual payments. If the market rate is 14.25% compounded semi-annually, what is the price of the bond? Fill in the blanks below to calculate your answer. Note: the numbers in parentheses are the marks awarded for that blank. What is the coupon payment for the bond? (4) END/BEG (1) P/Y (1) C/Y (1) N (2) I/Y (1) PV (4) PMT (1) FV (2) Is the bond being sold at a discount or a premium? WhyStep by Step Solution
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