A 10-year bond of 1000 face amount with semiannual coupons, redeemable at par, is bought at a
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A 10-year bond of 1000 face amount with semiannual coupons, redeemable at par, is bought at a discount to yield 12% convertible semiannually. If the book value six months before the redemption date is 985.85, find the total amount of discount in the original purchase price.
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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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