Homework Answers
Counpon amount each year =6900000*4% i.e.276000
| Year | Cash flow | Discounting factor@6% | Present value |
| 1 | 276000 | 0.94340 | 260377 |
| 2 | 276000 | 0.89000 | 245639 |
| 3 | 276000 | 0.83962 | 231735 |
| 4 | 276000 | 0.79209 | 218618 |
| 5 | 276000 | 0.74726 | 206243 |
| 6 | 276000 | 0.70496 | 194569 |
| 7 | 276000 | 0.66506 | 183556 |
| 8 | 276000 | 0.62741 | 173166 |
| 9 | 276000 | 0.59190 | 163364 |
| 10 | 276000 | 0.55839 | 154117 |
| 11 | 276000 | 0.52679 | 145393 |
| 12 | 276000 | 0.49697 | 137164 |
| 12 | 6900000 | 0.49697 | 3429089 |
| 5743030 |
Amount received = Present value of cash flow i.e. $5743030
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