Question
A $90,000 bond bearing interest at 5% payable annually is bought six years before maturity to yield 4.3% compounded semi-annually. If the bond is redeemable
A $90,000 bond bearing interest at 5% payable annually is bought six years before maturity to yield 4.3% compounded semi-annually. If the bond is redeemable at par, what is the purchase price?
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
