a bond that matures in 12 years has a per value of $1,000 and an annual coupon rate 10%; the market interest rate is 8%. what is the price?

Price of bond = $1150.72 (Approx.)

Explanation:

Given:

Number of years  12 years

Per value = $1,000

Coupon rate = 10% = 0.1

Market rate = 8% = 0.08

Find:

Price of bond

Computation:

Coupon payment = 1,000 x 10%

Coupon payment = 100

Price of bond = [C/r][1 - 1/(1+r)ⁿ] + Per value/[(1+r)ⁿ]

Price of bond = [100/0.8][1 - 1/(1+0.8)¹²] + 1000/[(1+0.08)¹²]

Price of bond = [100/0.8][1 - 1/(1.8)¹²] + 1000/[(1.08)¹²]

Price of bond = $1150.72 (Approx.)

unless they converted, many non-christians (mainly jews and muslims) were persecuted

carefully examine the map above. based on your knowledge of colonialism in africa, the area attributed to belgium on this map is most likely the democratic republic of the congo.