Asked by Maria

General Electric issued 1000 debenture bonds 3 years ago with a face value of $5000 each and a bond interest rate of 8% per year payable semiannually. The bonds have a maturity date of 20 years from the date they were issued. If the interest rate in the market place is 10% per year, compounded semiannually, what is the present worth of one bond to an investor who wishes to purchase it today?
Answered by bobpursley
We will be happy to critique your thinking.
Answered by mr. cool
4190.35
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