Question
A $12,000 bond that has a coupon rate of 6.70% payable semi-annually and maturity of 6 years was purchased when the yield was 5.50% compounded
A $12,000 bond that has a coupon rate of 6.70% payable semi-annually and maturity of 6 years was purchased when the yield was 5.50% compounded semi-annually. What was the book value of the bond after 8 payments?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
