Question
A $75,000 bond redeemable at par on Oct 1, 2038 is purchased on January 15, 2017. Interest is 5.9% payable semi-annually and the yield is
A $75,000 bond redeemable at par on Oct 1, 2038 is purchased on January 15, 2017. Interest is 5.9% payable semi-annually and the yield is 9% compounded semi-annually. What is the quoted price? (Hint: the Bond Valuation Worksheet may be useful)
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
