Question
Janet has a 14-year 6% semi-annual coupon bond purchased to yield an interest rate of 4.5% convertible semiannually. The amount of premium amortized in the
Janet has a 14-year 6% semi-annual coupon bond purchased to yield an interest rate of 4.5% convertible semiannually. The amount of premium amortized in the 4th coupon is 14. If the bond is redeemable at par, calculate the book value of the bond immediately after the 6th coupon.
No Excel please.
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
