If $1,000.000, 11% bonds, 10 year pay annually with a market rate of 12% how do you figure the selling price?
If $1,000,000, %11 bonds, 10 year pay annually the with a market rate of 12% how do you figure the selling 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 ...
The solution calculates bond price.