Solutions to Chapter 1

Current yield = 0.098375 so bond price can be solved from the following: $90/Price = 0.098375 ( Price = $914.87. Using a financial calculator, enter: i = 10; PV = (()914.87; FV = 1000; PMT = 90, and compute n = 20 years. 17. Solve the following equation: PMT ( annuity factor(7%, 9 years) + … ................
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