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Category > Accounting Posted 07 Jun 2017 My Price 6.00

Calculate the present value of a bond investment

 

(Learning Objective 6: Calculate the present value of a bond investment) Donte 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 Donte paid (the present value) on the bond investment.

 

 

 
 

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Alpha Geek
(8)
Status NEW Posted 07 Jun 2017 09:06 AM My Price 6.00

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Attachments

file 1496828959-1976307_1_636323128481285166_Bonds-Purchase-price.xlsx preview (148 words )
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