问题如下:
PZ company issues three years $1 million with 10% coupon bond pay annually, and market interest rate is 8%, which of the following statement is least likely correct:
选项:
A.interest expense is $84,123 in first year.
B.interest payment is $100,000 in first year.
C.carrying amount is 1,051,542 at the end of the first year.
解释:
C is correct, N=3, I/Y=8, FV=$1,000,000, PMT=$100,000, PV=$1,051,542.
Interest expense=$1,051,542*8%=$84,123, interest payment=PMT=$100,000
Carrying amount=1,051,542+84,123-100,000=1,035,665(BASE).
还是想请问一下B+A-S=E,为啥要加A,减去S呢?