What is value of bond assuming 14 percent rate of interest, Financial Accounting

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What is value of bond assuming 14 percent rate of interest

Problem

The H&H Computer Company has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate semi annually. The bond was issued 25 years ago and has 5 years to maturity. What is the value of the bond assuming 14 percent rate of interest? ; [PV=PMT[(1-(1/?(1+r)?^t ))/r]] for the present value of annuity (i.e. calculate the coupons)

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Financial Accounting: What is value of bond assuming 14 percent rate of interest

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Financial Accounting: What is value of bond assuming 14 percent rate of interest

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