Question
A $1000 semi-annual coupon bond paying interest at 6.5%/year compounded semi-annually is redeemable at 109 in 18 years. It is callable at 112 at the
A $1000 semi-annual coupon bond paying interest at 6.5%/year compounded semi-annually is redeemable at 109 in 18 years. It is callable at 112 at the end of 13 years. Determine the price to guarantee a yield rate of 7.5%/year compounded semi-annually.
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Modern Auditing Study Guide
Authors: Walter G. Kell
4th Edition
0471619434, 978-0471619437
