Ann Nichols is considering a bond investment in the Southwest Technology Company. The $1,000 bonds...
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Ann Nichols is considering a bond investment in the Southwest Technology Company. The $ bonds have a quoted annual interest rate of percent, and the interest is paid semiannually. The yield to maturity on the bonds is percent annually. There are years to maturity. Compute the price of the bonds. Use a excel to arrive at the answers. Do not round intermediate calculation. Round the final answer to decimal places. Omit $ sign in your response. Price of the bonds $
Ann Nichols is considering a bond investment in the Southwest Technology Company. The $ bonds have a quoted annual interest rate of percent, and the interest is paid semiannually. The yield to maturity on the bonds is percent annually. There are years to maturity.
Compute the price of the bonds. Use a excel to arrive at the answers. Do not round intermediate calculation. Round the final answer to decimal places. Omit $ sign in your response.
Price of the bonds $
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