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i got wrong answer by doing 800000(1.0175)^-40 A s800000 bond pays interest at j4=5% redeemable at 99 in 10 years. Dave buys the bond to
i got wrong answer by doing 800000(1.0175)^-40
A s800000 bond pays interest at j4=5% redeemable at 99 in 10 years. Dave buys the bond to yield j4=8% and strips the coupons to selt the fernaining strip bond to Jason, who yeids j4=7%. What price does Jason pay for the strip bond? Answer: 5 Step by Step Solution
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