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Thai savings bank issues 100000 bonds as a response to the

Question: Thai Savings Bank issues 100,000 bonds as a response to the Thai Central Bank's initiatives to increase domestic saving. The bonds have a face value of $48, 917 each, a bond interest rate of 8% per year payable annually, and a maturity date of 14 years. What is the current price of a bond, if the market interest rate is 9% per year, compounded semiannually?

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Microeconomics: Thai savings bank issues 100000 bonds as a response to the

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Microeconomics: Thai savings bank issues 100000 bonds as a response to the

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