A $100 000 bond bearing interest at 6 75 payable semi annually is bought eight years before maturity to yield 7 35 compounded annually If the bond is redeem able at par, what is the purchase price ...

FV 100 00000 PMT 100 00000003375 337500 i 735 n 16 c 12 ...

A $100 000 bond bearing interest at 6.75% payable semi-annually is bought eight years before maturity to

Question:

A $100 000 bond bearing interest at 6.75% payable semi-annually is bought eight years before to yield 7.35% compounded annually. If the bond is redeem- able at par, what is the purchase price? Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...