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Bonds Q18 (answer = three decimal ) (1 pt) A 11-year bond with a face value of 1000 dollars is redeemable at twice par and
Bonds Q18 (answer = three decimal )
(1 pt) A 11-year bond with a face value of 1000 dollars is redeemable at twice par and earns interest at 10.3 percent convertible semiannually. If the yield rate is 7.8 percent convertible semiannually, find the book value two months after the payment of the 13th coupon. (Recall that we use simple interest for points in time between coupon payments.) Answer = TirsStep by Step Solution
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