Question
A $1000bond with a coupon rate of 7.2% payable semiannually is redeemable after an unspecified number of years at $1250. The bond is bought to
A $1000bond with a coupon rate of 7.2% payable semiannually is redeemable after an unspecified number of years at $1250. The bond is bought to yield 9% convertible semiannually, if the present value of the redemption value is $415.91 at this yield rate, find the purchase price.
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
8th Edition
0814406807, 978-0814406809
