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What would you pay for a $220,000 debenture...

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Accounting

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What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to earna yield of: Click here to view factor tables. (a) Your answer is correct. 3\%? (Round foctor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, e. 458,581 ). Amount to pay Your answer is incorrect. 4\%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to pay

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