Question
A ten year $1,000 par value bond pays 9% coupons semiannually. The bond is priced at $1,167.25 to yield an annual nominal rate of 7%convertible
A ten year $1,000 par value bond pays 9% coupons semiannually. The bond is priced at $1,167.25 to yield an annual nominal rate of 7%convertible semiannually. Calculate the redemption value of the bond.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
