Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Suppose a Puerto Rico government bond pays $3,255.80 in 4 years at 4% interest. Calculate the present
Expert Solution
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Step 1
Maturity value of bond = $ 3255.80
Period = 4 Years
Interest rate = 4%
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