Question 13 A corporation issues a 5-year, $8318 par value bond with semiannual coupons at 6% per annum. Find the price to yield 8.44% per annum compounded semiannually. Enter your answer to the nearest dollar. Do not enter the $ sign. Sample input: 24977

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter11: Notes, Bonds, And Leases
Section: Chapter Questions
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Question 13
A corporation issues a 5-year, $8318 par value bond with semiannual coupons at 6% per annum. Find the price to yield 8.44% per annum compounded semiannually.
Enter your answer to the nearest dollar. Do not enter the $ sign. Sample input: 24977
Transcribed Image Text:Question 13 A corporation issues a 5-year, $8318 par value bond with semiannual coupons at 6% per annum. Find the price to yield 8.44% per annum compounded semiannually. Enter your answer to the nearest dollar. Do not enter the $ sign. Sample input: 24977
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