BUSINESS FINANCE (FIN 312)

use the calculator answer as the rate in the formula just to verify that your answer is correct. Enter 8×2 /2 -1,000 60/2 1,000 N I/Y PV PMT FV Solve for 6 Answer is 6.00 percent Bond value - semiannual payment 12. Assume that you wish to purchase a 20-year bond that has a maturity value of ................
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