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UURIU PIWO I CIGoliates 7. A company issues 5000 bond certificates with a face value of $1000 each that mature in 10 years. Interest on
UURIU PIWO I CIGoliates 7. A company issues 5000 bond certificates with a face value of $1000 each that mature in 10 years. Interest on the bonds is 3.5% payable annually. What is the issue price of the bonds if the bonds are sold to yield 5.5% compounded quarterly? 8. A deposit of $2000 earns interest at 4.5% p.a. compounded quarterly. After two-and-a-half years, the interest rate is changed to 3% compounded monthly. How much is the account worth after 6 years
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