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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 24
What is the present worth of a $50,000 debenture bond that has a bond coupon rate of 8% per year, payable quarterly The bond matures in 15 years. The interest rate in the marketplace is 6% per year, compounded quarterly.
Explanation
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First of all, calculate quarterly coupon...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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