A 15-year, 12% semiannual bond sells for $1,153.72. Whatís kd?

© 1998 The Dryden Press

60

60 + 1,000

60

0

1

2

30

i = ?

30 -1153.72 60 1000

5.0% x 2 = kd = 10%

PMT

-1,153.72

...

INPUTS

OUTPUT

Previous slide

Next slide

Back to first slide

View graphic version

5