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moekraken
Nov 23, 2016, 02:00 PM
Shriver
Corp. purchased 55​,
$ 1 comma 000$1,000​,
88​%
bonds of Current PowerCurrent Power
Corporation when the market rate of interest was 66​%.
Interest is paid semiannually on the​ bonds, and the bonds will mature in tenten
years.

Using the PV function in Excel Superscript ŽExcelŽ​,
compute the price ShriverShriver
paid​ (the present​ value) on the bond investment.​ (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest​ cent.)

ma0641
Nov 23, 2016, 08:27 PM
Homework. PS you go first, we don't do it for you. What have you tried?