Homework answers / question archive / one year ago, an organization issued a $1,000 face value, 15-year bond

one year ago, an organization issued a $1,000 face value, 15-year bond

Accounting

Share With

one year ago, an organization issued a $1,000 face value, 15-year bond. The bond has a yield to maturity of 18 percent and a coupon rate of 14 percent. Interest is paid quarterly. The bond presently sells for $. Calculate to two decimal points using the following formula: =PV(rate, nper, pmt, [fv], [type]).