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xercise 6-7 (Part Level Submission) What would you pay for a $225,000 debenture bond that matures in 15 years and pays $11,250 a year in

xercise 6-7 (Part Level Submission)

What would you pay for a $225,000 debenture bond that matures in 15 years and pays $11,250 a year in interest if you wanted to earn a yield of:

3% and 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 for 3% and 4%?

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