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    moekraken's Avatar
    moekraken Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 23, 2016, 02:00 PM
    Compute Present Value
    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's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

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