The company has made an investment in government bonds. The bonds will generate an interest income of OMR 18707 each year for 6 years. The interest rate is 12% annually. Compute present value of the stream of interest income for 6 years. Select one: O a. 95619.10 Ob. All the given choices in this question are not correct Oc 4550.02 Od. 58205.10 Oe. 76912.10

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 20P
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The company has made an investment in government bonds. The bonds will generate an
interest income of OMR 18707 each year for 6 years. The interest rate is 12% annually.
Compute present value of the stream of interest income for 6 years.
Select one:
Oa. 95619.10
Ob. All the given choices in this question are not correct
Oc 4550.02
Od. 58205.10
Oe. 76912.10
Transcribed Image Text:The company has made an investment in government bonds. The bonds will generate an interest income of OMR 18707 each year for 6 years. The interest rate is 12% annually. Compute present value of the stream of interest income for 6 years. Select one: Oa. 95619.10 Ob. All the given choices in this question are not correct Oc 4550.02 Od. 58205.10 Oe. 76912.10
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