Question
A 40 year bond with a par value of 5000 is redeemable at par and pays semi-annual coupons at arate of 7% convertible semi-annually. The
A 40 year bond with a par value of 5000 is redeemable at par and pays semi-annual coupons at arate of 7% convertible semi-annually. The bond is purchased to yield annual effective rate of 6%.Calculate the amortization of the premium in the 61st coupon.
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
