Question: How to get PMT=35? Can anyone explain it? E. maturity Difficulty level: Easy Topic: FISHER EFFECT Type: CONCEPTS 31, Consider a bond which pays 7%

How to get PMT=35? Can anyone explain it?

E. maturity Difficulty level: Easy Topic: FISHER EFFECT Type: CONCEPTS 31, Consider a bond which pays 7% semiannually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this risk, what is this bond's price? A. $942.50 B. $911.52 C. $941.74 D. $1,064.81 E. None of the above N- 16 VY-4 PMT -35 FV- $1000 PV-2-$941.74 Difficulty level. Easy Topic: BOND VALUATION Type: PROBLEMS 22 The value of a 20 year zero-coupon bond when the market required rate ofreturn is 9%

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