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Compute the price shriver paid for the bond investment

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Reference no: EM132501900

Question 1: Shriver Corp, purchased fifteen $1000 8% bonds of Simplex Corporation when the market rate of interest is 14%. Interest is paid semiannually, and the bonds will mature in seven years. Using the PV function in Excel, compute the price Shriver Paid (the present value) for the bond investment.

Reference no: EM132501900

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