Question
A(n) 16 year bond has a coupon of 8% and is priced to yield 15%. Calculate the price per $1,000 par value using semi-annual compounding.
A(n) 16 year bond has a coupon of 8% and is priced to yield 15%. Calculate the price per $1,000 par value using semi-annual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
