BBA3301 Columbia Southern University Value of A Bond Math Question

Anonymous
timer Asked: Jun 30th, 2019
account_balance_wallet $5

Question Description

Calculate the value of a bond that matures in 12 years and has $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent. Round to the nearest cent.

The value of the bond is

Tutor Answer

moizeali1
School: UCLA

Attached is the complete solution.The value of bond is $814.17

Calculate the value of a bond that matures in 12 years and has $1,000 par value.
The annual coupon interest rate is ...

flag Report DMCA
Review

Anonymous
Thanks, good work

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors