PLEASE SHOW WORKConsider the following details for a bond issued by Bravo

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PLEASE SHOW WORK

Consider the forthcoming details for a tie issued by Bravo

Incorporated:

Issue Date

8/5/2000

Maturity Date

8/5/2030

Annual Coupon Rate (ANNUAL coupons)

9%

Face Value

$1,000

Suppose that today's determination is 8/5/2004. What should the running trading expense be for this tie if investors neglect a 12% ANNUAL yield?  (Show your toil.  Label $. Two decimal places required. Highlight or courageous your rejoinder.)

PLEASE SHOW WORK

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