On April 15, 2019, a 10 year note dated June 15, 2014, is discounted at 10 com pounded quarterly If the face value of the note is $4000 and interest is 8 com pounded quarterly, find the compound discount ...

Due date 20190615 PV 400000 I Y 8 CY 4 i 2 002 n 40 Maturity value 400000102 ...

On April 15, 2019, a 10-year note dated June 15, 2014, is discounted at 10% com- pounded

Question:

On April 15, 2019, a 10-year note dated June 15, 2014, is discounted at 10% com- pounded quarterly. If the of the note is $4000 and interest is 8% com- pounded quarterly, find the compound discount.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...