What would you pay for a $70,000 debenture bond that matures in 11 years and pays $9,800

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What would you pay for a $70,000 debenture bond that matures in 11 years and pays $9,800 a year in interest if you wanted to earn a yield of:

14%

16%

12%

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Posted Date: Jan 13, 2022 01:18 AM

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What would you pay for a $70,000 debenture bond that matures in 11 years and pays $9,800

Question:

Expert Answer:

value table at 14y forr 11 Years I 70000 aunding to Bresent value Pv of 700UD X 23 662 156 ... View the full answer

Intermediate Accounting

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