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A 28-year bond with a par value of $8,950 will mature in 28 years. The coupon rate is 8.74% convertible semi- annually. The annual nominal
A 28-year bond with a par value of $8,950 will mature in 28 years. The coupon rate is 8.74% convertible semi- annually. The annual nominal yield convertible semi-annually is 4.16%. (a) Find the price of the bond on issue date. (b) Find the price of the bond 4 years after the issue date, just after the coupon is paid. (c) Find the price-plus-accrued price after 4 years and 17 weeks after the issue date. (d) Find the market price after 4 years and 17 weeks after the issue date
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