Homework Answers
| a | Semi-annual Interest Amount | $ 35,00,000 | ||||
| ($100000000*7%/2) | ||||||
| b | PV Annuity Factor for (40 Years,3%) | 23.1148 | ||||
| c | Present Value Of Annual Interest (a*b) | $ 8,09,01,702 | ||||
| d | Redemption Value | $ 10,00,00,000 | ||||
| e | PV Factor Of (40 Years,3%) | 0.30656 | ||||
| g | Present Value Of Redemption Amount (d*e) | $ 3,06,55,684 | ||||
| f | Intrinsic Value ( Price ) Of The Bond (c+g) | $ 11,15,57,386 | ||||
| In your format | ||||||
| Table values are based on: | ||||||
| n = | 40 | |||||
| i = | 3.0% | |||||
| Cash Flow | Amount | Present Value | ||||
| Interest | $ 35,00,000 | $ 8,09,01,702 | ||||
| Principal | $ 10,00,00,000 | $ 3,06,55,684 | ||||
| Price of bonds | $ 11,15,57,386 | |||||
| Note: Since you have not provided pv factor tables, I have used PV factors from my tables which are not rounded off. | ||||||
| If in the your PV factor table digits are rounded off, the final answer would be different. Let me know up to how many decimals | ||||||
| points factors are rounded off. | ||||||
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