Question
(a) A RM100 par value bond with coupons 6% payable semiannually is purchased at RM110 to yield a nominal rate of 4% convertible semiannually. A
(a)
A RM100 par value bond with coupons 6% payable semiannually is purchased at RM110 to yield a nominal rate of 4% convertible semiannually. A buyer purchases a similar bond with 3% semiannual coupons at the price, P. Calculate P with the same yield.
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Finance Basics 20 Minute Manager
Authors: Harvard Business Review
1st Edition
1625270852, 978-1625270856
