Lecture Notes on Time Value of Money

Apr 03, 2009 · Offer II has the highest PV – Calculations are on the attached excel sheet. Chapter 10 #1 P.306. The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is: a. 6 percent. Present Value of Interest Payments ................
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