Issue Date Price Face Value Interest Rate Maturity Date (MM/YYYY) 12/31/1990 $50 $100 6.0% ? 12/31/1991 $50 $100 3.0% ? 12/31/1992 $25 $50 5.0% ? 12/31/1993 $50 $100 5.0% ? 12/31/1994 $25 $50 6.0% ? 12/31/1995 $50 $100 6.0% ? 12/31/1996 $50 $100 3.0% ? 12/31/1997 $50 $100 4.0% ? 12/31/1998 $25 $50 5.0% ? 12/31/1999 $25 $50 4.0% ? 12/31/2000 $25 $50 5.0% ? 12/31/2001 $25 $50 6.0% ? TOTAL $450 What is the current value of the bond that was issued on 12/31/1990?
Issue Date Price Face Value Interest Rate Maturity Date (MM/YYYY) 12/31/1990 $50 $100 6.0% ? 12/31/1991 $50 $100 3.0% ? 12/31/1992 $25 $50 5.0% ? 12/31/1993 $50 $100 5.0% ? 12/31/1994 $25 $50 6.0% ? 12/31/1995 $50 $100 6.0% ? 12/31/1996 $50 $100 3.0% ? 12/31/1997 $50 $100 4.0% ? 12/31/1998 $25 $50 5.0% ? 12/31/1999 $25 $50 4.0% ? 12/31/2000 $25 $50 5.0% ? 12/31/2001 $25 $50 6.0% ? TOTAL $450 What is the current value of the bond that was issued on 12/31/1990?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
|
Issue Date
|
Price
|
Face Value
|
Interest Rate
|
Maturity Date
(MM/YYYY)
|
||
|
12/31/1990
|
$50
|
|
$100
|
|
6.0%
|
?
|
|
12/31/1991
|
$50
|
|
$100
|
|
3.0%
|
?
|
|
12/31/1992
|
$25
|
|
$50
|
|
5.0%
|
?
|
|
12/31/1993
|
$50
|
|
$100
|
|
5.0%
|
?
|
|
12/31/1994
|
$25
|
|
$50
|
|
6.0%
|
?
|
|
12/31/1995
|
$50
|
|
$100
|
|
6.0%
|
?
|
|
12/31/1996
|
$50
|
|
$100
|
|
3.0%
|
?
|
|
12/31/1997
|
$50
|
|
$100
|
|
4.0%
|
?
|
|
12/31/1998
|
$25
|
|
$50
|
|
5.0%
|
?
|
|
12/31/1999
|
$25
|
|
$50
|
|
4.0%
|
?
|
|
12/31/2000
|
$25
|
|
$50
|
|
5.0%
|
?
|
|
12/31/2001
|
$25
|
|
$50
|
|
6.0%
|
?
|
|
TOTAL
|
$450
|
|
|
|
|
What is the current
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