Question: I received two different answers from the same question Provide step by step instructions on how to solve using a financial calculator and Excel What

I received two different answers from the same question

Provide step by step instructions on how to solve using a financial calculator and Excel

What is the price of a 18-year bond paying 9.1 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5.9 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign.

one user said Bond price = 1349.10

the other said Price of the bond = pv(5.90%,18,-91,1000) = 636.41

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Superstar Ice Rinks Inc. (SIR) is a privately owned company owned by a group of investors headed by James T. Kirk, a retired professional hockey player. SIR owns three arenas in suburban areas near a...

Please review this answer and let me know my problem area. I need to use the law of sines to resolve and I keep getting different answers. If at all possible provide step by step instructions on how...

Pestona Part III: Formula problems @ 10 points each Do 2 of the following problems using formulas. Set up each problem using an appropriate formula. Solve the problem showing each step of your work....

the answer mode Hotel DelRay, Brussels New Property Management System (PMS) Acquisition & Installation Project Capital Allocation and Acquisition Plan & Financial Feasibility Study Background &...

Background & History of DelRay! Hotel DelRay is located at the heart of the city of Brussels, in Belgium. Brussels is a major hub for international politics, a home for several international...

solve it please by using financial calculator. Thank you 2 slides together in one problem the cash flow 70000 30000 30000 25000 10000 Checkpoint 11.4 ie Calculating the IRR for Project Long Project...

Please solve the problem step by step using the table below SELECTING AND FINANCING HOUSING Using Your Personal Financial Plan" sheet 24, calculate the affordable mortgage amount that would be...

I would like someone to double check the work that has been done on this project. I have attached the Excel spreadsheet that we have completed which shows the subsequent tabs for each step. I have...

Question 1 Sullivan Software sells packages of a software program and one year's worth of technical support for $500. Its packaging lists the $500 sales price as comprised of a software program at a...

Discuss what are the rules of modern etiquette?

How to use facebook to enhance business market?

A ( n ) LLC ( limited liability company ) has a specified term of duration. generat at - will short - form term

The following trial balance was extracted from the books of JCV Ltd. as at 30 September 2019: $ $ Land and buildings 151,000 Motor vehicles at cost 60,000 Accumulated depreciation on motor vehicle (1...

Clear Lake Nursing Home defines outputs as a patient day. Its present volume is 26,000 patient days. The average cost per day is $90,00. Present revenues and costs are presented below: Clear Lake...

Kool Air (Pty) Limited, a manufacturer of industrial fans, has a taxable income of R2 400 000 for its financial year ended 28 February 2021, before taking the following into consideration: In...

Prepare a simple tax provision and the journal entries to calculate the current and the deferred tax provision (benefit) using the following data: a. ABC, Inc. reported pre-tax book income of...

Ellen considered saving $10,000 per year for her retirement. Although $10,000 is the most she can save in the first year, she expects her salary to increase each year so that she will be able to...

the skill of getting people to willingly do something you need doing.

In what ways might your organisation or department benefit from wider dissemination of your research? Are there other companies within your wider organisation, or within the supply chain or network,...

If you agreed that your research participants would receive a summary of your overall work, what will this look like? To what extent is it useful to share your specific recommendations?

How often do you systematically and routinely gather high-quality data about the issues your organisation faces? To what extent do you critically assess the quality of these data?