70. Bond value--semiannual payment Answer: c Diff: E N
Enter the following data inputs into the calculator:
N = 24; I/Yr = 7/2 = 3.5; PMT = 40; FV = 1000; and then solve for PV =
-$1,080.29. VB = $1,080.29.
71 . Bond value--quarterly payment Answer: c Diff: E
Financial calculator solution:
Inputs: N = 40; I = 3; PMT = 35; FV = 1000.
Output: PV = -$1,115.57; VB = $1,115.57.
72. Yield to maturity--annual bond Answer: a Diff: E
Enter N = 11; PV = -865; PMT = 80; FV = 1000; and then solve for I/YR = 10.0868% 10.09%.
73 . Yield to maturity--semiannual bond Answer: c Diff: E
N = 12 2 = 24; PV = -1080; PMT = 50; FV = 1000; and then solve for I = 4.4508% 2 = 8.9016%.
74
. Yield to maturity--semiannual bond Answer: b Diff: E
Enter the following input data in the calculator:
N = 18; PV = -920; PMT = 35; FV = 1000; and then solve for I/YR = 4.1391%. Convert this semiannual periodic rate to a nominal annual rate, 4.1391% 2 = 8.2782% 8.28%.
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