Question
A bond of face amount $1000 with semi-annual coupons is purchased at $1070.20 to yield 6% convertible semi-annually. The amount of amortization of principal in
A bond of face amount $1000 with semi-annual coupons is purchased at $1070.20 to yield 6% convertible semi-annually. The amount of amortization of principal in the 5th coupon is $8.88. What is the term of the bond?
No excel please!!!!
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
