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A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100. You are given: i. the bond is purchased at
A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100. You are given: i. the bond is purchased at P to yield 8%. convertible semiannually and ii. the amount of principal adjustment for the 16th semiannual period is 5. Calculate P. A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100 . You are given: i. the bond is purchased at P to yield 8%, convertible semiannually and ii. the amount of principal adjustment for the 16 th semiannual period is 5 . Calculate P
A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100. You are given: i. the bond is purchased at P to yield 8%. convertible semiannually and ii. the amount of principal adjustment for the 16th semiannual period is 5. Calculate P.
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