how to calculate this bond

Jul 2nd, 2014
Business & Finance
Price: $30 USD

Question description

Assume interest rates for bonds today is 5% for an AAA rated bond. Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer.

Tutor Answer

(Top Tutor) Daniel C.
School: Cornell University

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Jul 3rd, 2014
"Excellent work as always thanks so much"
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