Question
A 14-year bond with a face value of $2000 earns interest at 8.8% convertible semiannually. Suppose that the yield rate is 7.1% convertible semiannually, and
A 14-year bond with a face value of $2000 earns interest at 8.8% convertible semiannually. Suppose that the yield rate is 7.1% convertible semiannually, and that the book value immediately after the 13th coupon payment is $2189.18. What's the redemption value?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
