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A 1,000 USD, 6% bond redeemable at par matures in 3 years. The coupons are payable semi-annually and the bond is bought to yield 5%
A 1,000 USD, 6% bond redeemable at par matures in 3 years.
The coupons are payable semi-annually and the bond is bought to yield 5% compounded semi-annually.
Calculate the book value of the bond right after the first coupon payment.
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Computerized Accounting With Quickbooks 2018
Authors: James B. Rosa, Kathleen Villani
1st Edition
0763882674, 9780763882679
