Question
What is the current/present value of a $10,000, 10 year bond with a stated rate of 8% and a market rate of 10%, interest paid
What is the current/present value of a $10,000, 10 year bond with a stated rate of 8% and a market rate of 10%, interest paid semi-annually? (How & Why)
Approximately $4,000
Approximately $370
Approximately $3,700
Approximately $5,000
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
