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