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Posted by on Saturday, May 15, 2010 at 12:39am.

One year ago, Auto Land issued 10-year bonds at par. The bonds have a coupon rate of 6.5 percent and pay interest annually. Today, the market rate of interest on these bonds is 6.25 percent. How does today's price of this bond compare to the issue price

  • finance - , Saturday, May 15, 2010 at 3:50am

    N=9

  • finance - , Saturday, May 15, 2010 at 3:53am

    my bad i hit wrong key
    N=9
    I/Y=6.25%
    Fv=1000
    PMT=.065*1000
    CPT=PV Ignore the sign

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