A bond pays $1,000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15^th and 30^th payments if we discount the payments at:
a) 4% compounded semi-annually?
b) 8% compounded semi-annually?

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The Answer of A bond pays $1,000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15^th and 30^th payments if we discount the payments at: a) 4% compounded semi-annually? b) 8% compounded semi-annually?

A Bond Pays $1,000 Interest at the End of Every