Question
A 13-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 6.9 percent
A 13-year bond with a face value of 2000 dollars earns interest at 9.6 percent convertible semiannually. Suppose that the yield rate is 6.9 percent convertible semiannually, and that the book value immediately after the 13th coupon payment is 2169.67 dollars. What is the redemption value?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
