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| |
Bond Present Value
|
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|
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| |
Redemption Value
|
|
|
Face Value
|
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|
k (Current Period Market Rate)
|
|
|
|
n (Compounding Periods)
|
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|
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|
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|
Present Value of Redemption
|
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|
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| |
+
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|
|
|
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| |
Interest Payments
|
|
|
Interest Payment
|
|
|
|
k (Current Period Market Rate)
|
|
|
|
n (Compounding Periods)
|
|
|
|
|
|
|
|
Present Value of Interest Payments
|
|
|
|
|
|
|
|
Present Value of Bond
|
|
|
|
|
|
|
