A special bond pays $60,000 in three years and a further $80,000 in five years from now.
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A special “bond” pays $60,000 in three years and a further $80,000 in five years from now. Determine the price of the bond assuming that the interest rate for the first three years is 3.5% per half-year compound and 4% per halfyear compound thereafter.
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Related Book For
Financial Modeling For Managers With Excel Applications
ISBN: 9780970333315
2nd Edition
Authors: Dawn E. Lorimer, Charles R. Rayhorn
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