ACCT-HW3 - 8000000 face value 8 semi-annual coupon bonds 5 years bond periods 6 market rate period PV of face value PV of coupon 5,952,751.32

ACCT-HW3 - 8000000 face value 8 semi-annual coupon bonds 5...

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8000000 face value PV of face value 5,952,751.32 8% semi-annual coupon bonds PV of coupon 2,729,664.91 5 years bond periods 6% market rate period bond beginning balance coupon amount interest expense change in bond value 1 8,682,416.23 320,000.00 260,472.49 59,527.51 2 8,622,888.71 320,000.00 258,686.66 61,313.34 3 8,561,575.38 320,000.00 256,847.26 63,152.74 4 8,498,422.64 320,000.00 254,952.68 65,047.32 5 8,433,375.32 320,000.00 253,001.26 66,998.74 6 8,366,376.57

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