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landownersinc.com $1,000, 11.5% debenture is due on May 15, 2040 with interest payable on May 15 and November 15. The bond may be called on
landownersinc.com $1,000, 11.5% debenture is due on May 15, 2040 with interest payable on May 15 and November 15. The bond may be called on called at 105 on May 15, 2028.
Find the value of the bond on November 15, 2023, if the yield is 9.8% assuming the bond is redeemed at par on May 15, 2040.
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