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Category > Accounting Posted 01 Jun 2017 My Price 4.00

Calculate the present value of a bond investment

E8-20A (Learning Objective 6: Calculate the present value of a bond investment) Brinkman Corp. purchased 10 $1,000, 5% bonds of General Electric Corporation when the market rate of interest was 4%. Interest is paid semiannually on the bonds, and the bonds will mature in six years. Using the PV function in Excel, compute the price Brinkman paid (the present value) on the bond investment.

 

 

 
 

 

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Alpha Geek
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Status NEW Posted 01 Jun 2017 11:06 AM My Price 4.00

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file 1496315422-Answer.docx preview (196 words )
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