Question: Can someone please help me with the below question please? Do not use thousand separator, use 2 decimal places only (i.e. 1000.00 instead of 1,000).
Can someone please help me with the below question please?
Do not use thousand separator, use 2 decimal places only (i.e. 1000.00 instead of 1,000). Which among the bonds is the most expensive?
| Option 1 | Option 2 | Option 3 | Option 4 | |
| Bond future value | 6500.00 | 6500.00 | 6500.00 | 6500.00 |
| Pays at | 7% | 9% | 4% | 3% |
| And compounded | Semi-annually | Semi-Annually | Quarterly | Quarterly |
| Redeemable at the end of (in years) | 5 | 5 | 5 | 5 |
| If bond annually pays | 10% | 12% | 5% | 4% |
| Purchase Price |
Option number _____ is the most expensive.
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