So123
Aug 7, 2008, 01:40 PM
On December 31,2002 a company issued a 3 year , 10% annual coupon bond with a future value of $100000
Calculate the book value of the bond at year end 2002,2003,2004and the interest expenses for 2003,2004,2005,assuming the bond was issued at a market rate of interest of
1) 10%
2) 9%
3) 11%
I want to know that how to calculate present value for that.
thanks in advance
Calculate the book value of the bond at year end 2002,2003,2004and the interest expenses for 2003,2004,2005,assuming the bond was issued at a market rate of interest of
1) 10%
2) 9%
3) 11%
I want to know that how to calculate present value for that.
thanks in advance