Help with College Financial Management Course?

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Can someone please help me with this question?

A bond has a principal amount of $ 1,000, an annual interest payment of $ 100, and a maturity of 10 years. What is the bond’s value or price, if comparable debt yields 12 percent?

1 Comment
  1. Reply
    June 26, 2011 at 1:21 pm

    Yeah, get a tutor because this question sounds like a homework question and you kids aren’t using your brainpower to create scenarios with these type questions. I really am ashamed that you would bring your homework here to get a quick answer. SHAME SHAME SHAME. I hope you have no intentions of working in this field. God help us.

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