Question
A GH1000 bond, redeemable at par on December 1, 1998, pays semiannual coupons at j2 = 9%. The bond is bought on June 1, 1996.
A GH1000 bond, redeemable at par on December 1, 1998, pays semiannual coupons at j2 = 9%. The bond is bought on June 1, 1996. Find the purchase price and construct a bond schedule, if the desired yield is 8% compounded semiannually.
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Authors: John Biggs, Eric Villines
1st Edition
1260459063, 978-1260459067
