Bond value calculation based on a desired Rate of interest by Homework Help Classof1

Bond value calculation based on a desired Rate of interest

byHomework Help Classof1

Kobo ebook | May 15, 2013

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Ten years ago I bought a 4% bond that had a face value of $10,000 for $9,300. The bond paid semi-annual interest and I would like to sell it now. How much would I need to receive for the bond if I wish to make an interest rate of 5% compounded semiannually on my investment?

Title:Bond value calculation based on a desired Rate of interestFormat:Kobo ebookPublished:May 15, 2013Publisher:Classof1Language:English

The following ISBNs are associated with this title:

ISBN:9990005971232

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