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A 13-year bond of coupon rate 9.8% convertible semiannually and has a yield rate of 7.4% convertible semiannually. If the book value immediately after the
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A 13-year bond of coupon rate 9.8% convertible semiannually and has a yield rate of 7.4% convertible semiannually. If the book value immediately after the 7th coupon payment is $1266.5, and the book value immediately after the 11th coupon payment is $1245.03, what is the face value?
Note: Do NOT assume that the face value and redemption value are the same, NO EXCEL. PLEASE SHOW WORKING
A 13-year bond of coupon rate 9.8% convertible semiannually and has a yield rate of 7.4% convertible semiannually. If the book value immediately after the 7th coupon payment is $1266.5, and the book value immediately after the 11th coupon payment is $1245.03, what is the face value?
Note: Do NOT assume that the face value and redemption value are the same, NO EXCEL. PLEASE SHOW WORKING
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