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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 80
A debenture bond issued 3 years ago has a face value of $5000, a coupon rate of 4% per year, payable semiannually, and a maturity date of 20 years from the date it was issued. The bond is for sale now for $4500. If the interest rate in the market-place is compounded quarterly, the value of n that must be used in the P/A factor to calculate the rate of return for the bond is:
A) 34
B) 40
C) 68
D)80
A) 34
B) 40
C) 68
D)80
Explanation
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Verified
The bond is for sale for $4,500 now.
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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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