Determine the price of a $512,000 bond issue under each of the
following independent assumptions: (FV of $1, PV of $1, FVA of $1,
PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate
factor(s) from the tables provided.)
Maturity Interest Paid Stated Rate Effective Rate
1.10 years annually 10% 12%
2.10 years semiannually 10% 12 %
3.10 years semiannually 12% 10%
1.
Price of a bond = $512,000*0.32197 + $51,200*5.65022
= $454,140
2.
Price of a bond = $512,000*0.31180 + $25,600*11.46992
= $453,272
3.
Price of a bond = $512,000*0.37689 + $30,720*12.46221
= $575,807
Determine the price of a $512,000 bond issue under each of the following independent assumptions: (FV...
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