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(No excel, no financial calculator) show steps and formula please Problem 43.31 A 10 year bond with coupons at 8% convertible quarterly will be redeemed
(No excel, no financial calculator) show steps and formula please
Problem 43.31 A 10 year bond with coupons at 8% convertible quarterly will be redeemed at 1600. The bond is bought to yield 12% convertible quarterly. The purchase price is 860.40. Calculate the par valueStep by Step Solution
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