Question
A $25 000, 10% bond redeemable at par on December 1, 2025, is purchased on September 25, 2014, to yield 7.6% compounded semi-annually. Bond interest
A $25 000, 10% bond redeemable at par on December 1, 2025, is purchased on September 25, 2014, to yield 7.6% compounded semi-annually. Bond interest is payable semi-annually. Note: June 1, 2014 to December 1, 2025 = 11.5 years.
What is the cash price?
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Options Trading Crash Course
Authors: John Thomas Hill
1st Edition
979-8569471966
