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
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.
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
