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11 Nov 2019
Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 5%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 4% compounded semiannually. (Round your answer to the nearest cent.) Is this bond selling at a discount or at a premium? discount premium A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.) 6500 at the end of quarters Suppose a state lottery prize of $7 million is to be paid in 25 payments of $280,000 each at the end of each of the next 25 years. If money is worth 9%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) Enter a number
Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 5%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 4% compounded semiannually. (Round your answer to the nearest cent.) Is this bond selling at a discount or at a premium? discount premium
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.) 6500 at the end of quarters
Suppose a state lottery prize of $7 million is to be paid in 25 payments of $280,000 each at the end of each of the next 25 years. If money is worth 9%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) Enter a number
Jean KeelingLv2
13 Feb 2019