In view of the interest-rate increase to 12 what is the


Last month Jim purchased ?$9,400 of U.S. Treasury bonds? (their face value was ?$9,400?). These bonds have a 35?-year maturity? period, and they pay 2.0?% interest every three months? (i.e., the APR is 8?%, and Jim receives a check for ?$188188 every three? months). But interest rates for similar securities have since risen to a 12?% APR because of interest rate increases by the Federal Reserve Board. In view of the? interest-rate increase to 12?%, what is the current value of? Jim's bonds?

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Financial Management: In view of the interest-rate increase to 12 what is the
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