Question
At what price should I offer to buy a $500 bond on December 11, 2018 if I want it to yield 13%, compounded quarterly? The
At what price should I offer to buy a $500 bond on December 11, 2018 if I want it to yield 13%, compounded quarterly? The bond matures on April 1, 2022 and bears 11.5% coupons, payable on April 1 and October 1.
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
