Hoarfrost
Mar 14, 2008, 08:03 AM
Hello, I am calculating a semiannual coupon on :Bond Valuation.
I divided the interest by 2, ( 9% / 2 = 4.5%).
I also multiply the maturity yrs by 2 (11 *2 = 22)
Under the Present value of annuity table, I cannot find an interest of 4.5% and a maturity year of 22.
What should I do? Do I take the nearest number to each like 5% and 25 yrs? I need your help.
I divided the interest by 2, ( 9% / 2 = 4.5%).
I also multiply the maturity yrs by 2 (11 *2 = 22)
Under the Present value of annuity table, I cannot find an interest of 4.5% and a maturity year of 22.
What should I do? Do I take the nearest number to each like 5% and 25 yrs? I need your help.