Bond value calculation based on a desired Rate of interest
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Ten years ago I bought a 4% bond that had a face value of $10,000 for $9,300. The bond paid semi-annual interest and I would like to sell it now. How much would I need to receive for the bond if I wish to make an interest rate of 5% compounded semiannually on my investment?
Detalles
- Fecha de publicación
- May 15, 2013
- Idioma
- English
- Categoría
- Educación e idioma
- Copyright
- Todos los derechos reservados - Licencia estándar de copyright
- Contribuyentes
- Por (autor o autora): Homework Help Classof1
Especificaciones
- Formato