$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?
A) 1710.29 B) 2710.29 C) 3710.29 D) 4710.29
Answers
Answered by
0
Answer:
ok nice question.........
Answered by
0
Answer:
C) 3710.29
is right answer your questions
Step-by-step explanation:
i=j/m
n =m(Term) = 2(15.5) =31
Fair market value Present value of the face value
=FV(1+ i)^-n
Similar questions