Question
An n-period bond with $1,000,00 face value and $30,000 coupons offers an effective periodic yield of 4%. If the book value of the bond right
An n-period bond with $1,000,00 face value and $30,000 coupons offers an effective periodic yield of 4%. If the book value of the bond right after the 2nd coupon is $6005.741 smaller than the book value right after the 1st coupon, find the price at which the bond was bought.
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
