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4 years ago

Lily Adams purchased a $1,000 bond at 70. The bond pays 4%.

2 answers:

4 0

Formula used:

Bond Price = (C * (1- ( 1/ (1+i) ^ n)) / i ) + (M / (1+i)^n )

C = 70
assume n = 10 years
i = 0.04
M = 1000

<span>Bond price = $1243.33 </span>

andriy [413]4 years ago

4 0

Cost = Face Value * Percentage

Yield = Annual Interest /Cost
Annual interest is 40

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