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slm
slm
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$1.00 an opportunity to buy a $1,000 bond whic

  • From Economics: General-Economics
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  • Due on Nov. 23, 2008
  • Asked on Nov 23, 2008 at 10:28:33PM
Q:
an opportunity to buy a $1,000 bond which matures in 10 years. The bond pays $30 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond
 


   
   
   
   
 
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sudipta
sudipta
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$2.00 A+ answer

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  • Posted on Nov 23, 2008 at 10:35:57PM
A:
Preview: ... % semi-annually for 10 years<br>= $1000/1.08^10 + ...

The full tutorial is about 41 words long .
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fschulz
fschulz
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$1.00 A+ Answer

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  • Posted on Nov 23, 2008 at 10:37:40PM
A:
Preview: ... 04 + 1000/(1+0.08/2) ...

The full tutorial is about 12 words long .
   
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