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    missl's Avatar
    missl Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 22, 2007, 10:56 PM
    Calculating the selling of Bonds
    Hi, can someone help me out on this question. I am kind of new at doing bonds. Thanks :)


    A bond with a face value of 1000 bears interest at 10 % payable semi-annually. The bond matures on Aug 1 2009. What is the selling price of the bond on April 18, 2007, to yield 9% compoundd semi-annually??
    qcmar24's Avatar
    qcmar24 Posts: 65, Reputation: 3
    Junior Member
    		  
    #2

    Nov 25, 2007, 11:54 AM
    Quote Originally Posted by missl
    Hi, can someone help me out on this question. I am kind of new at doing bonds. Thanks :)


    A bond with a face value of 1000 bears interest at 10 % payable semi-annually. The bond matures on Aug 1 2009. What is the selling price of the bond on April 18, 2007, to yield 9% compoundd semi-annually???
    To help you answer this Qs I need to know when the did you buy the bond or how many years does it take for the bond to mature.
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