What would you pay for a $500,000 debenture bond that matures in 20 years and pays $50,000
Question:
What would you pay for a $500,000 debenture bond that matures in 20 years and pays $50,000 a year in interest if you wanted to earn a yield of?
(a) 8%?
(b) 10%?
(c) 12%?
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Answer rating: 71% (7 reviews)
a 500000 X 21455 10727500 50000 X 981815 49090750 598182...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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