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16/11/2016

A company issues bonds. Details below.

Face Value : 800,000
Term : 10 Years
Coupon Rate : 6%
Interest : Annual Payment
Yield : 9%

PV of $1 for 10 periods : 0.558 (@6%) 0.422 (@9%)
FV of $1 for 10 periods : 1.791(@6%) 2.367 (@9%)
PV of Ordinary Annuity of $1 for 10 periods : 7.360 (@ 6%) 6.418 (@9%)

What should be the issue price for each $1000 Bonds ?

A. $1,000, B. $864, C. $807, D. $700

22/07/2016

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T 43 C , Asset Signature, Menamkulam, Kazhakkoottam
Thiruvananthapuram
691582

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9884365058

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