Bond value calculation based on a desired Rate of interest
Business & Finance, Finance & Investing, Finance
| Author: | Homework Help Classof1 | ISBN: | 1230000133203 |
| Publisher: | Classof1 | Publication: | May 15, 2013 |
| Imprint: | Language: | English |
| Author: | Homework Help Classof1 |
| ISBN: | 1230000133203 |
| Publisher: | Classof1 |
| Publication: | May 15, 2013 |
| Imprint: | |
| Language: | English |
Ten years ago I bought a 4% bond that had a face value of $10,000 for $9,300. The bond paid semi-annual interest and I would like to sell it now. How much would I need to receive for the bond if I wish to make an interest rate of 5% compounded semiannually on my investment?
Ten years ago I bought a 4% bond that had a face value of $10,000 for $9,300. The bond paid semi-annual interest and I would like to sell it now. How much would I need to receive for the bond if I wish to make an interest rate of 5% compounded semiannually on my investment?
