3. On July 1, 2000, MB corp. sells a 5,000,000 issue of 6% bonds paying coupons on July 1 and December 1. The issue is redeemable in Equal instalments at the end of each year for 8 years. On December 1, 2004, how much is the value of all outstanding bonds to yield 5%?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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3. On July 1, 2000, MB corp. sells a 5,000,000 issue of 6% bonds paying coupons
on July 1 and December 1. The issue is redeemable in Equal instalments at the
end of each year for 8 years. On December 1, 2004, how much is the value of all
outstanding bonds to yield 5%?
作答
作答
Transcribed Image Text:4 3 8 作答 3. On July 1, 2000, MB corp. sells a 5,000,000 issue of 6% bonds paying coupons on July 1 and December 1. The issue is redeemable in Equal instalments at the end of each year for 8 years. On December 1, 2004, how much is the value of all outstanding bonds to yield 5%? 作答 作答
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