AUSING THE FINANCIAL CALCULATOR
100) A
Using the financial calculator: N = 10 * 2 = 20; PMT = $80/2 = $40; I/Y = 10/2 = 5%; FV = $1000; Compute
the bond’s value PV = $875.38.
100) A
Using the financial calculator: N = 10 * 2 = 20; PMT = $80/2 = $40; I/Y = 10/2 = 5%; FV = $1000; Compute
the bond’s value PV = $875.38.