Washington Corporation has a $1,000 par value bond outstanding paying annual interest of 8%. The bond matures in 20 years. If the present yield to maturity for this bond is 10%, calculate the current price of the bond. $\mathrm{FV}=\$ 1,000 \quad \mathrm{PMT}=\$ 80 \quad \mathrm{n}=20 \quad \% \mathrm{oi}=1$
CPT PV $ =\$ 829.73 $

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The Answer of Washington Corporation has a $1,000 par value bond outstanding paying annual interest of 8%. The bond matures in 20 years. If the present yield to maturity for this bond is 10%, calculate the current price of the bond. $\mathrm{FV}=\$ 1,000 \quad \mathrm{PMT}=\$ 80 \quad \mathrm{n}=20 \quad \% \mathrm{oi}=1$
CPT PV $ =\$ 829.73 $

Washington Corporation Has a $1,000 Par Value Bond Outstanding Paying FV=$1,000PMT=$80n=20%oi=1\mathrm{FV}=\$ 1,000 \quad \mathrm{PMT}=\$ 80 \quad \mathrm{n}=20 \quad \% \mathrm{oi}=1FV=$1,000PMT=$80n=20%oi=1

Washington Corporation Has a $1,000 Par Value Bond Outstanding Paying $\mathrm{FV}=\$ 1,000 \quad \mathrm{PMT}=\$ 80 \quad \mathrm{n}=20 \quad \% \mathrm{oi}=1$