Question: Box In correct answer vistar Electric issued 1000 debenture bonds 9 years ago with a face value of $5,000 each and a bond interest rate

Box In correct answer

vistar Electric issued 1000 debenture bonds 9 years ago with a face value of $5,000 each and a bond interest rate of 13% per yea yable semiannually. The bonds have a maturity date of 20 years from the date they were issued. If the interest rate in the market ace is 10% per year compounded semiannually, determine the present worth today of one bond. e present worth of one bond today is $
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