Question
A $1000 bond with semi-annual coupons is redeemable for $1030 in 5 years. The write-down (book value adjustment) in the 1 st coupon period is
A $1000 bond with semi-annual coupons is redeemable for $1030 in 5 years. The write-down (book value adjustment) in the 1st coupon period is $4.09. What is the price of the bond to yield j2 = 9%?
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
