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samualson samualson
wrote...
Posts: 2459
5 years ago
Nunavet Ocean Cruises sold an issue of 12-year $1,000 par bonds to build new ships. The bonds pay 4.85% interest, semiannually. Today's required rate of return is 9.7%. How much should these bonds sell for today? Round off to the nearest $1.
A) $771.86
B) $732.93
C) $660.45
D) $598.33
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wrote...
5 years ago
 C
 
samualson Author
wrote...
5 years ago
Ready for finals now Monkey
wrote...
5 years ago
Good luck my friend!
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