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Zhen Yi Computers Has an Outstanding Issue of Bond with a Par

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Zhen Yi Computers has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate semi-annually. The bond was issued 25 years ago and has 5 years to maturity. What is the value of the bond assuming 14 percent rate of interest?


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A mathematical operation in spreadsheet programs that calculates the mean value of a selected range of cells.

Right Parenthesis

The closing bracket in a pair of parentheses, used to enclose text or numbers, symbolized as ")".

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