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Bizhelp, CPA
Category: Single Problem
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Experience:  BA degree and Certified Public Accountant
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Colby & Company bonds pay semiannual interest of $50. They

Customer Question

Colby & Company bonds pay semiannual interest of $50. They mature in 15 years and have a par value of $1,000. The market rate of interest is 8%. The market value of Colby bonds is:
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Submitted: 1 year ago.
Category: Single Problem
Expert:  Bizhelp replied 1 year ago.
HiThanks for your question. The answer is $1,173.Please click here to download the excel computationHope this helps!