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ABC CorpIssued a 12%,20-Year Coupon Rate Bond 5 Years Ago  PV of $1\quad\quad\quad\quad\quad\text { PV of } \$ 1

Question 46

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ABC Corp.issued a 12%,20-year coupon rate bond 5 years ago.Interest rates are now 8%.Based on semi-annual analysis and using the table below,what is the current price of the bond?  PV of $1\quad\quad\quad\quad\quad\text { PV of } \$ 1 PV of an annuity of $1\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { PV of an annuity of } \$ 1
 Period  Percent  Percent 4%6%8%12%4%6%8%12%15.555.417.315.18311.1189.7128.5596.81120.456.312.215.10413.59011.4709.8187.46930.308.174.099.03317.29213.76511.2588.00540.208.097.046.01119.79315.04611.9258.244\begin{array}{|c|c|c|c|c|c|c|c|c|}\hline \text { Period }&&\text { Percent }&&&&&\text { Percent }\\\hline &4\%&6\%&8\%&12\%&4\%&6\%&8\%&12\%\\\hline 15 & .555 & .417 & .315 & .183 & 11.118 & 9.712 & 8.559 & 6.811 \\\hline 20 & .456 & .312 & .215 & .104 & 13.590 & 11.470 & 9.818 & 7.469 \\\hline 30 & .308 & .174 & .099 & .033 & 17.292 & 13.765 & 11.258 & 8.005 \\\hline 40 & .208 & .097 & .046 & .011 & 19.793 & 15.046 & 11.925 & 8.244 \\\hline\end{array}

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