Homework Answers
| Mail Express, Inc. | ||||||
| we will calculate for one bond, then multiply by 150k to get our answer | ||||||
| FV=1000 | ||||||
| n=25 | ||||||
| i=6.75 | ||||||
| PMT=0 | ||||||
| PV | $195.35 | PV(6.75%,25,0,-1000) | ||||
| PV=$195.35 * 150000= $29.30 million | ||||||
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