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Elizabeth has decided to invest in Bond X, an n-year bond with semi-annual coupons and the following characteristics: - Par value is 1400 . -
Elizabeth has decided to invest in Bond X, an n-year bond with semi-annual coupons and the following characteristics: - Par value is 1400 . - The ratio of the semi-annual coupon rate to the desired semi-annual yield rate, r/i, is 1.02108 . - The present value of the redemption value is 314 . Given vn=0.5153, what is the price of bond X ? Round your answer to two decimal places Step by Step Solution
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The School Fundraising Handbook
Authors: Lindsey Marsh
1st Edition
1785834266, 978-1785834264
