Question
A $1,000 bond, redeemable at par, with annual coupons at i(1)=10%/a is purchases for $1,134.20. If the write-down in the book value is $9.26 in
A $1,000 bond, redeemable at par, with annual coupons at i(1)=10%/a is purchases for $1,134.20. If the write-down in the book value is $9.26 in the first year, what is the write-down in the 8th year?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
