Ask Experts Questions for FREE Help !
Ask
    scruggee's Avatar
    scruggee Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Nov 6, 2007, 10:34 AM
    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.
    missl's Avatar
    missl Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Nov 22, 2007, 11:02 PM
    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..
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Calculating a bond price [ 1 Answers ]

Could you please give me the answer to these 2 questions: 1. Figure the present value of a previously issued bond. Purchase of a 10 year bond with 7 years to go to maturity, with a face value of 1,000 that pays an annual coupon of $40 and the interest rate is running at 5.5% how much should...

View more questions Search