【中山大学431金融 罗斯 公司理财】Ch005.pdfVIP

Chapter 5: How to Value Bonds and Stocks 5.1 The present value of any pure discount bond is its face value discounted back to the present. a. PV = F / (1+r)10 = $1,000 / (1.05)10 = $613.91 b. PV = $1,000 / (1.10)10 = $385.54 c. PV = $1,000 / (1.15)10 = $247.19 5.2 First, find the amount of the semiannual coupon payment. Semiannual Coupon Payment = Annual Coupon Payment / 2