Question
What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to
What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to earn a yield of: Click here to view factor tables Correct answer iconYour answer is correct. 3%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to Pay $enter a dollar amount to pay rounded to 0 decimal places 272527 eTextbook and Media Incorrect answer iconYour answer is incorrect. 4%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to Pay $enter a dollar amount to pay rounded to 0 decimal places 2568203 eTextbook and Media Incorrect answer iconYour answer is incorrect. 5%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to Pay $enter a dollar amount to pay rounded to 0 decimal places 2389349.6
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