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tarhondaeiland4122
30.03.2020 •
Business
There are zero coupon bonds outstanding that have a YTM of 5.91 percent and mature in 20 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds
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Ответ:
$3,119.62
Explanation:
We use the present value formula i.e to be shown in the attached spreadsheet below:
Given that,
Future value = $10,000
Rate of interest = 5.91% ÷ 2 = 2.96%
NPER = 20 years × 2 = 40 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price of the bond is $3,119.62
Ответ:
Yoo!
Explanation:
Ok rp it is!