What would you pay for a $175,000 debenture bond that matures in 15 years and pays $8,750 a year in interest if you wanted to earn a yield of: Click here to view factor tables

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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3%? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.)
Amount to Pay
eTextbook and Media
X Your answer is incorrect.
4%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Amount to Pay
24
%24
Transcribed Image Text:3%? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.) Amount to Pay eTextbook and Media X Your answer is incorrect. 4%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to Pay 24 %24
What would you pay for a $175,000 debenture bond that matures in 15 years and pays $8750 a year in interest if you wanted to
earn a yield of:
Click here to view factor tables
Transcribed Image Text:What would you pay for a $175,000 debenture bond that matures in 15 years and pays $8750 a year in interest if you wanted to earn a yield of: Click here to view factor tables
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