Question
4.- A serial issuance of bonds of $ 12,000 at 5% convertible every semester will be redeemed through payments of $ 4,000 at 12, 16,
4.- A serial issuance of bonds of $ 12,000 at 5% convertible every semester will be redeemed through payments of $ 4,000 at 12, 16, and 20 years. Find the purchase price of the issue to obtain a yield of 6%, convertible semi-annually.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
