Respuesta :
Answer: $1203
Explanation:
Based on the information given in the question, the proceeds gotten from the sales if Harvey sells the bonds today will be:
Formula for bond price = Present value (Rate, Period, -Coupon amount, -Par value)
= PV(2.45%, 9, -43000 × 2.8%, -43000)
= 44203
Therefore, the proceeds will be the difference between the selling price and the purchase price which will be:
= $44203 - $43000
= $1203
The total value of the bond, or the amount you'll earn if you sell it, is the sum of the face value and the bond's added interest value. The coupon for each bond specifies the interest rate.
The answer, $1203 is the proceeds from the sale would result in.
If Harvey sells the bonds today, based on the evidence presented in the question, the revenues will be:
The formula for bond price = Present value (Rate, Period, -Coupon amount, -Par value)
[tex]= PV(2.45, 9, - 43000 \text{ x } 0.028, - 43000)\\= 44203[/tex]
As a result, the revenues will be equal to the difference between the selling and buying prices, which will be:
[tex]= 44203 - 43000= $1203[/tex]
For more information regarding the bond proceeds, refer to the link:
https://brainly.com/question/13407939
