Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent...

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Question

Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent...

Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,066.74 today and your required rate of return was 6.0 percent

What is the worth of the bond?

Did you pay the right price?

business finance

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Answer 1

Answer #1

Price of bond=

PV= PMT×((1-(1+i))^-n/t=

using formula value=81.75

yes its right price

Add a comment

Answer 2

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Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent...

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Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent...

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Crane, Inc., has outstanding bonds that will mature in six years and pay an 8 percent...