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%? Pick from below
$1080.26
$949.74
$1050.26
$979.74
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
