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-   -   Determining the selling price of a bond (https://www.askmehelpdesk.com/showthread.php?t=149144)

  • Nov 6, 2007, 10:34 AM
    scruggee
    Determining the selling price of a bond
    On December 31, 2004, $180,000 of 12% bonds were issued. The market interest rate at the time of issuance was 14%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2004. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent.
  • Nov 22, 2007, 11:02 PM
    missl
    Quote:
    Originally Posted by scruggee
    On December 31, 2004, $180,000 of 12% bonds were issued. The market interest rate at the time of issuance was 14%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2004. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent.
    Hi, I am doing bond too. Maybe we can help each other..

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