Question
Calculate the premium or discount on the sale of a $1,000 bond carrying semi-annual coupons at 4%, redeemable at 102 in 3.5 years, if it
Calculate the premium or discount on the sale of a $1,000 bond carrying semi-annual coupons at 4%, redeemable at 102 in 3.5 years, if it is bought to yield 6%, compounded semi-annually. What is the purchase price of the bond sold?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
