Question
An issue of bonds with a nominal value of $329.8710000 that will be redeemed in 12 years at 110% and that will pay an interest
An issue of bonds with a nominal value of $329.8710000 that will be redeemed in 12 years at 110% and that will pay an interest of 7% semi-annually. At what price should they be purchased to obtain a yield of 22% per annum?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
