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shepherd shepherd
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Posts: 2986
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8 years ago
A 10-year bond has a coupon rate of 7% annually and a principal payment of $1,000. Other similar bonds are paying 9% annually. To determine the value fo this bond you must
A) find the interest factors (IF) at 9% for 20 periods.      B) find the interest factors (IF) at 9% for 10 periods.
C) find the interest factors (IF) at 4.5% for 10 periods.      D) find the interest factors (IF) at 4.5% for 20 periods.
Textbook 
Personal Finance

Personal Finance


Edition: 5th
Author:
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
BRILLIANT!
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#3
8 years ago
My pleasure
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