Bus 320 connect homework 5 (sep 2013)
1 Problem 10-2 Bond value [LO3] Applied Software has $1,000 par value bonds outstanding at 20 percent interest. The bonds will mature in 15 years. Use Appendix B and Appendix D. Compute the current price of the bonds if the present yield to maturity is (Round “PV Factor” to 3 decimal places, intermediate and final answers to 2 decimal places. Omit the “$” sign in your response): […]