> A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and mat

A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and mat

A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and mat

Posted at： 2014-12-05　
A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell?

n= ? (I know this is 40)

I = ? (I know this is 3)

Principle Amount = ? (I know this is 80,000,000)

Interest Amount = ?

Present Value Principle = ?

Present Value Interest = ?
  • Previous： Math Help please !?
  • Next：Options Trading. Would you rather do a bear call spread or a bull put spread?