Question
A $1000 par value 6% bond matures in 8 years and has semiannual payments. If it is purchased for $1250, the yield rate will be
A $1000 par value 6% bond matures in 8 years and has semiannual payments. If it is purchased for $1250, the yield rate will be 7% convertible semiannually. Find the redemption value for this bond.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
