Question #5988742

Calculate the market value of Melissa's bonds on?

On April 15, 2011, Melissa purchased $30,000 of Verbecke Co.'s 12%, 20-year bonds at face amount. Verbecke Co. has paid interest due on the bonds regularly. On April 15, 2015, market interest rates had risen to 14% and Melissa is considering selling the bonds. Using the present value tables in Chapter 6 of the textbook, calculate the market value of Melissa's bonds on April 15, 2015.

2013-05-04 21:25:30

TELL US , if you have any answer

There is NEVER a problem, ONLY a challange!

The helpinganswers.com is a free-to-use knowledgebase.
  The helpinganswers.com was started on: 02.07.2010.
  It's free to register. Once you are a registered user, you can ask questions, or answer them.
  (Unless registration you can just answer the questions anonymously)
  Only english!!! Questions and answers in other languages will be deleted!!

Cheers: the PixelFighters

  Contact: support@helpinganswers.com

C'mon... follow us!

Made by, history, ect.