Find the value of the bond on february


Problem:

A $1,000 6 1/4% bond is due on August 13, 2018. Interest is payable on February 13 and August 13. This bond may be called at 104 on August 13, 2014.

Required:

Question: Find the value of the bond on February 13, 2010, assuming it will be called, and the market rate is 6%

Note: Please show how to work it out.

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Accounting Basics: Find the value of the bond on february
Reference No:- TGS0884983

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