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A bond with a face value of 6000 and an annual coupon rate of 12% convertible semiannual will mature in ten years for its face
A bond with a face value of 6000 and an annual coupon rate of 12% convertible semiannual will mature in ten years for its face value. If the bond is priced using a nominal yield rate of 6% convertible semiannually, what is the amount of premium in this bond? What is the amount for amortization of premium in the 7th coupon?
The answer is 2578.08; 105.57
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