Calculate the Cash Value of a Bond That Will Mature

question 33

Multiple Choice

Calculate the cash value of a bond that will mature with a value of $16 500 in 7 years and 5 months. The bond is discounted at 5.8% compounded semi-annually.

• A) $10 797.48
• B) $10 979.48
• C) $10 997.48
• D) $10 779.48
• E) $11 117.48

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