Question
NO EXCEL!! A 30 year bond with face amount 14,500 is bought to yield i (2) = 0.08. The final entry in the amortization schedule
NO EXCEL!! A 30 year bond with face amount 14,500 is bought to yield i(2) = 0.08. The final entry in the amortization schedule for accumulation of discount is 90. Find the purchase price of the bond.
ANSWER must be either a) 12,199 or b) 12,382
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
