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A bond with a face value of $ 5 , 0 0 0 and an annual coupon rate of 1 0 % convertible quarterly will
A bond with a face value of $ and an annual coupon rate of convertible quarterly will mature in eight years for its face value. If the bond is priced using a nominal yield rate of convertible quarterly, what is the amount of premium or discount in this bond?
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
