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
Related questions
Question
Suppose a U.S. government bond pays $2,155.40 in 5 years at 6% interest. Calculate the present
Expert Solution
Step 1
Future value of bond (FV) = $ 2,155.40
Period (N) = 5 Years
Interest rate (R) = 6%
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