Wine and Roses, Inc., offers a bond with a coupon of 8.0 percent with annual payments...
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Wine and Roses, Inc., offers a bond with a coupon of 8.0 percent with annual payments and a yield to maturity of 8.78 percent. The bonds have a face value of $1,000 and mature in 5 years. To find the current market price, how would you input the numbers correctly into the TVM function of the financial calculator as we practiced in the lecture? What is the current market price of this bond? CPT PV N (Enter as a whole number) I/Y (Enter as percent with two decimals) FV (Enter as a whole number) PMT (Enter as a whole number) (Round the value to the nearest two decimals) Wine and Roses, Inc., offers a bond with a coupon of 8.0 percent with annual payments and a yield to maturity of 8.78 percent. The bonds have a face value of $1,000 and mature in 5 years. To find the current market price, how would you input the numbers correctly into the TVM function of the financial calculator as we practiced in the lecture? What is the current market price of this bond? CPT PV N (Enter as a whole number) I/Y (Enter as percent with two decimals) FV (Enter as a whole number) PMT (Enter as a whole number) (Round the value to the nearest two decimals)
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