Question
A 12-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 7.6 percent
A 12-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 7.6 percent convertible semiannually, and that the book value immediately after the 13th coupon payment is 2236.83 dollars. What is the redemption value? Hello, I have attached some chegg links to problems that are very similar to this one but have different numbers, please take a look at the solutions as they may be helpful. I will make sure to thumbs up if the answer is right.
https://www.chegg.com/homework-help/questions-and-answers/1-point-13-year-bond-face-value-2000-dollars-earns-interest-101-percent-convertible-semian-q105443045?trackid=73f8a7c04e0e&strackid=7e0e0193ff77 https://www.chegg.com/homework-help/questions-and-answers/1-point-14-year-bond-face-value-2000-dollars-earns-interest-93-percent-convertible-semiann-q105322979?trackid=c5d2b46074a8&strackid=7e0e0193ff77 https://www.chegg.com/homework-help/questions-and-answers/1-point-13-year-bond-face-value-2000-dollars-earns-interest-101-percent-convertible-semian-q105440147?trackid=ebf5735c6c37&strackid=7e0e0193ff77 https://www.chegg.com/homework-help/questions-and-answers/1-point-11-year-bond-face-value-2000-dollars-earns-interest-96-percent-convertible-semiann-q88380708?trackid=2e2bb48cfa31&strackid=7e0e0193ff77
A 12-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 7.6 percent convertible semiannually, and that the book value immediately after the 13th coupon payment is 2236.83 dollars. What is the redemption value? Answer = dollars. A 12-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 7.6 percent convertible semiannually, and that the book value immediately after the 13th coupon payment is 2236.83 dollars. What is the redemption value? Answer = dollars
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