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%?
$971.51
$931.51
$1028.49
$988.49
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
