Question
A bond is issued at par it has semiannual coupon payments of 5, a redemption value of 100, a term of 10 years and a
A bond is issued at par it has semiannual coupon payments of 5, a redemption value of 100, a term of 10 years and a yield rate of 10% convertible semiannually.
Find the price of this bond.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
