Compute the selling price of 10%, 10-year bonds with a par value of $290,000 and semiannual...
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Compute the selling price of 10%, 10-year bonds with a par value of $290,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Answer is complete but not entirely correct. Table Value Present Value Cash Flow $290,000 par (maturity) value $14,500 interest payment Price of Bond 0.3118 $ 11.4099 S 90,442 166,314 256,756 Compute the selling price of 10%, 10-year bonds with a par value of $290,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Answer is complete but not entirely correct. Table Value Present Value Cash Flow $290,000 par (maturity) value $14,500 interest payment Price of Bond 0.3118 $ 11.4099 S 90,442 166,314 256,756
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