Question
A $1000 bond with semi-annual coupons is redeemable for $960 in 6 years. The write-down (book value adjustment) in the first coupon period is $1.79.
A $1000 bond with semi-annual coupons is redeemable for $960 in 6 years. The write-down (book value adjustment) in the first coupon period is $1.79. What is the price of the bond in order to yield j2 = 10%?
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
