Question
An n-year bond has face and redemption amount of RM 100. The bond has level semiannual coupons and the yield rate is a nominal annual
An n-year bond has face and redemption amount of RM 100. The bond has level semiannual coupons and the yield rate is a nominal annual rate of 6% compounded semiannually. The bonds book value just after the 8th coupon is RM 121.30 and just after the 10th coupon, the book value is RM 120.39. Find the original purchase price of the bond.
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Contemporary Labor Economics
Authors: Campbell McConnell, Stanley Brue, David Macpherson
9th Edition
0073375950, 9780073375953
