Online.sfsu.edu

Bond price: 1000 FV, 15 N, 7.4 I/Y, 0 PMT, CPT PV, PV=$342.72. Need to raise $12,000,000, so need to sell 12,000,000/342.72=35014 bonds. 13. An 8 percent $1,000 bond matures in 13 years, pays interest semi-annually, and has a yield to maturity of 9.45 percent (nominal rate). What is the current market price of the bond? ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download