Question
A $12,000, 4% bond with interest payable quarterly has a maturity date of December 15, 2010. The bond is expected to be called at 102
A $12,000, 4% bond with interest payable quarterly has a maturity date of December 15, 2010. The bond is expected to be called at 102 on June 15, 2008. How much should Jenna pay for the bond on December 15, 2004 if she wants to earn 5% interest compounded quarterly?
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
