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A $10,000 bond is redeemable at 103. The interest on the book value in the n th (and final) period is $436.21. The book value
A $10,000 bond is redeemable at 103. The interest on the book value in the n th (and final) period is $436.21. The book value at the end of n1 periods is $10,263.79. The absolute value of the book value adjustment in the 1st period is $11.77. Determine (and show all your work):
(a) The yield rate (as a nominal rate) round i to 4 decimal points (or 2 decimals in a % form)
(c) The purchase price of the bond
(d) The total number of coupons (i.e. the term of the bond)
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