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What is the present value of bonds with a face value of $9,000, a stated interest rate of 10%, a market rate of 9%, and
What is the present value of bonds with a face value of $9,000, a stated interest rate of 10%, a market rate of 9%, and a maturity date two years in the future? Interest is paid semiannually. Use Excel. (Use the PV function in Excel Assume that all payments of interest and principal occur at the end of the period.) (Round the present value to the nearest whole number.) O A. $9,000 B. $9,891 C. $9,161 40) D. $8,445 Barnwell Corp. purchased ten $1,000 8% bonds of Eagle Corporation when the market rate of interest was 12%. Interest is paid semiannually, and the bonds will mature in ten years. Using the PV function in Exce, compute the price Barnwell paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Barnwell paid $ on the bond investment
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