Question
A 30-year 7% annual-coupon bond with a face value of $1,000 is purchased at a yield of 12.5%. Find the amount of the accumulation of
A 30-year 7% annual-coupon bond with a face value of $1,000 is purchased at a yield of 12.5%. Find the amount of the accumulation of discount during the 15th year of the bond.
Answer is 8.35, but not sure how to get there.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
