A twenty year $30000 8% bond with annual coupons and a redemption amount of $28250 that is
Fantastic news! We've Found the answer you've been seeking!
Question:
A twenty year $30000 8% bond with annual coupons and a redemption amount of $28250 that is bought at issue at a price to given an annual effective yield rate of 11%. Find
1. the book value of the bond after 7 years
2. the amount for the adjustment of principal in the seventh coupon.
Posted Date: