Top Posters
Since Sunday
2
g
1
D
1
Home Q & A Board Other Fields Homework Help Business
New Topic  
solina solina
wrote...
Go to Answer
Posts: 1273
Rep: 9 0
7 years ago
MI has a $1,000 par value, 30-year bond outstanding that was issued 20 years ago at an annual coupon rate of 10%, paid semiannually. Market interest rates on similar bonds are 7%. Calculate the bond's price.
A) $956.42
B) $1,000.00
C) $1,168.31
D) $1,213.19
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 183 times
1 Reply
Heavy Heart Thank you bio-forums! Heavy Heart
Replies
Answer verified by a subject expert
LutionalLutional
wrote...
#1
Top Poster
Posts: 752
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

solina Author
wrote...

7 years ago
Helped a lot
choih94
wrote...

Yesterday
Thank you, thank you, thank you!
Alina01978
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1132 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 319
  
 239
  
 1022
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: Which country would you like to visit for its food?