The company has made an investment in government bonds. The bonds will generate an interest income of OMR 13757 each year for 6 years. The interest rate is 12% annually. Compute present value of the stream of interest income for 6 years.   a. 70317.63 b. 56560.63 c. 3346.06 d. 42803.63 e. All the given choices in this question are not correct

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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The company has made an investment in government bonds. The bonds will generate an interest income of OMR 13757 each year for 6 years. The interest rate is 12% annually. Compute present value of the stream of interest income for 6 years.


 

a.
70317.63
b.
56560.63
c.
3346.06
d.
42803.63
e.
All the given choices in this question are not correct
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