stacy purchases a 60,000 bond for 57,500. the coupon rate is 6% per year payable quarterly. The bond has a 15 year life at which time it is cashed in for face value. the banks interest is 4,8% per year compounded monthly. Stacy decides to sell the bond at the end of 8 years. what is the bond value at this time?

stacy purchases a 60,000 bond for 57,500. the coupon rate is 6% per year payable quarterly. The bond has a 15 year life at which time it is cashed in for face value. the banks interest is 4,8% per year compounded monthly. Stacy decides to sell the bond at the end of 8 years. what is the bond value at this time?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EA: Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the...

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Stacy purchases a $60,000 bond for $57,500. The coupon rate is 6% per year payable quarterly. The bond has a 15 year life, at which time it is cased in for face value. The bank's interest is 4.8% per year compounded monthly. Stacy decides to sell the bond at the end of 8 years. What is the bond value at this time? work in terms of excel
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