FIN350 In class work 3 First Name __________________ Last ...
Make sure your calculator sets 1 period in a year. To check the default setting, push “2nd” and then “I/YR”, you should see 1 instead of 12. For the same bond, if r decreases to 5%, what will be the bond price? N=10 PMT= 100 FV=1000 I/YR= 5 CPT PV=$1386. For the same bond, if r increases to 15%, what will be the bond price? ... ................
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