Marshall Company is issuing four-year bonds with a coupon rate of 4.5 percent and semiannual coupon...
Marshall Company is issuing four-year bonds with a coupon rate of 4.5 percent and semiannual coupon payments. If the current market rate for similar bonds is 9.2 percent, what will be the bond price? Round to 2 decimal places.
Homework Answers
M = $1000, n = 4 * 2 = 8 semi-annual periods, C = 4.5% * $1000/2 = $22.50 (semi-annually), i = 9.2%/2 = 4.6% (semi-annual)
P = $147.80 + $697.82
P = $845.63
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Marshall Company is issuing four-year bonds with a coupon rate
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