2) Semiconductor Company has a $1,000 par value bond with an annual coupon rate of 9%...

Question

Question

Answer 1

Answer #1

using excel NPER function

NPER = NPER(rate, payment_amount, present_value, [future_value], [end_or_beginning])

= NPER(6%/2,90/2,-1223.17,1000)

= 20 periods

= 20/2 years

= 10 years

hence choose A)

Answer 2

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