Math RWLO Template Title Placeholder

Calculate the semiannual coupon payment. Semiannual Coupon Payment = (0.10 ( $1,000) / 2 = $50. Apply the annuity formula to calculate the PV of the 30 coupon payments (=15 years ( 2 payments per year). In addition, the $1,000 payment at maturity must be discounted back 30 periods. The appropriate discount rate is the semiannual interest rate. ................
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