This provided information estimates that perhaps the investment will cost $919.5.
Rather than a factor in maturity, maturity is decided by how you choose to act and respond to various situations in life. In essence, it is a stage of brain growth or knowledge that has an affect on all facets of a person's life, including action and interpersonal interactions.
To calculate the of the bond, we would enter the following information into a financial calculator. N=Number of years=2×11=22
PMT=Payment per period=15.0%×1000/2=75
FV=Face value=1000
Interest rate=11.00%/2=5.5
Present Value=?
Hence: PV=1000-75-5.5
PV=$919.5
Inconclusion the price of the bond is $919.5.
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