Mathematics, 05.12.2019 19:31 abby6628
Eddie believes that a bond he is purchasing today has an effective annual discount rate of 11%. the bond has 3 remaining coupons of $560 each. the first coupon will be paid in 20 months, and each subsequent payment will be one year after. on the date of the last coupon payment the bond will pay out a face value of $15,000. what is the bond’s present value if eddie’s assumption of the discount rate is correct?
a. 10,336.9
b. 13,225.2
c. 14,680.0
d. 12,336.3
e. 11,5072
Answers: 1
Mathematics, 21.06.2019 17:30
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Eddie believes that a bond he is purchasing today has an effective annual discount rate of 11%. the...
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