3 An investor bought a 15 year bond with par value of 100000 and 8 semiannual coupons The bond is callable at par on any coupon date beginning with the 24th coupon Find the highest price paid that will yield a rate not less than (2) 10 a 84600 b 84200 C 85000 d 85400 e 85800

Question

3  An investor bought a 15 year bond with par value of 100000 and 8  semiannual coupons  The bond is callable at par on any coupon date beginning with the 24th coupon  Find the highest price paid that will yield a rate not less than  (2)   10   a  84600 b  84200 C  85000 d  85400 e  85800

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3. An investor bought a 15-year bond with par value of 100000 and 8% semiannual coupons. The bond is callable at par on any coupon

3. An investor bought a 15-year bond with par value of 100000 and 8% semiannual coupons. The bond is callable at par on any coupon date beginning with the 24th coupon. Find the highest price paid that will yield a rate not less than ;(2) = 10%. a. 84600 b. 84200 C. 85000 d. 85400 e. 85800

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