0,000 debenture bond that matures in 15 years and pays HK$5,000 a year in interest urposes, use 5 decimal places as displayed in the factor table provided.) le. mal places, e.g. 458,581.)
0,000 debenture bond that matures in 15 years and pays HK$5,000 a year in interest urposes, use 5 decimal places as displayed in the factor table provided.) le. mal places, e.g. 458,581.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:What would you pay for a HK$50,000 debenture bond that matures in 15 years and pays HK$5,000 a year in interest if you wanted to
earn a yield of: (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
Click here to view the factor table.
(a)
10%? (Round answer to O decimal places, e.g. 458,581.)
Amount to pay HK$
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