Question
A $1,000 par value bond bearing a 5% coupon rate payable semi-annually will be redeemed at 108% at the end of 7 years. Find the
| A $1,000 par value bond bearing a 5% coupon rate payable semi-annually will be redeemed at 108% at the end of 7 years. Find the price to yield an investor 6% convertible semi-annually. (Round answer to nearest cent.) | |
| The answer is supposed to be 996.41, could you show how this answer is gotten? |
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
