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A $1000 20-year bond with 6% annual coupons is bought to yield an annual effective rate of 6%. If the write-up in the 4th coupon
A $1000 20-year bond with 6% annual coupons is bought to yield an annual effective rate of 6%. If the write-up in the 4th coupon is $5, find the redemption value. (Answer: $1224.40)
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
