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g100num [7]
2 years ago
15

Bond Valuation with Semiannual Payments

Mathematics
1 answer:
Nataly [62]2 years ago
5 0

If Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The price of the bonds is: $1,039.11.

<h3>Price of the bonds</h3>

We would be making use of financial calculator to find or determine the price of the bonds (Present value) by inputting the below data:

N represent Number of years = 12 x 2 = 24

I represent Interest rate= 7.5 % / 2 =3.75 %  

PMT represent Periodic payment= (8% x 1000) / 2 = $40

FV represent Future  value= $1,000

PV represent Present value=?

Hence;

PV (Present value) = $1,039.11

Therefore if Renfro Rentals has issued bonds that have an 8% coupon rate ,payable semiannually. The price of the bonds is:  $1,039.11.

Learn more about  price of the bonds or present value here: brainly.com/question/13990294

#SPJ1

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