Question
A bond has a face value of $1000, a redemption value of $1050, and pays semiannual coupons of 6.5%. The bond is purchased so that
A bond has a face value of $1000, a redemption value of $1050, and pays semiannual coupons of 6.5%. The bond is purchased so that the yield rate is 8%. The present value of the redemption value is $210. Find the price of the bond. (Hint: One of the alternative formulas for finding the price of a bond in Sections 6.3/6.4 is designed to answer this kind of question!)
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Ziglar On Selling The Ultimate Handbook For The Complete Sales Professional
Authors: Zig Ziglar
1st Edition
0785288937, 978-0785288930
