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A $1000 semi-annual coupon bond paying interest at 13%/year compounded semi-annually is redeemable at 111 in 26 years. It is callable at 114 at
A $1000 semi-annual coupon bond paying interest at 13%/year compounded semi-annually is redeemable at 111 in 26 years. It is callable at 114 at the end of 21 years. Determine the price to guarantee a yield rate of 14%/year compounded semi-annually. Answer:
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
