The Wild Rose Company has $1,000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 19 years with annual payments Compulle the current price of the bonds if the present yield to maturity is: (Use a Financial calculator to arrive at the answers. Do not round Intermediate calculations. Round the final answers to 2 decimal places) Price of the S 1 3

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 Wild Rose Company has $1000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 19
years with annual payments
Compute the current price of the bonds if the present yield to maturity is: (Use a Financial calculator to arrive at the answers. Do not
round Intermediate calculations. Round the final answers to 2 decimal places)
a 8 percent
b. percent
c. 12 percent
Price of I
bond
$
1
3
Transcribed Image Text:6 The Wild Rose Company has $1000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 19 years with annual payments Compute the current price of the bonds if the present yield to maturity is: (Use a Financial calculator to arrive at the answers. Do not round Intermediate calculations. Round the final answers to 2 decimal places) a 8 percent b. percent c. 12 percent Price of I bond $ 1 3
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