Bond price
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If $1,000.000, 11% bonds, 10 year pay annually with a market rate of 12% how do you figure the selling price?
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Solution Summary
The solution calculates bond price. The market rates are examined.
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If $1,000,000, %11 bonds, 10 year pay annually the with a market rate of 12% how do you figure the selling price
Bond Price:
Calculating Price of bond
To calculate the price of the bond we need to calculate / read from tables the values of
PVIF= Present Value Interest Factor
PVIFA= Present Value Interest ...
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