What is the present value of a series of payments of $2000 every four years in perpetuity with the first payment made immediately, if the annual rate is 9% per annum?
Polycorp debentures are selling for $108 (FV = 100) and mature in eight years. The coupon rate is 8%pa. What is the effective annual yield on the debentures?Polycorp debentures are selling for $104 (FV = 100) and mature in ten years. The coupon rate is 6%pa, with coupons paid quarterly. What is the effective annual yield on the debentures?