Question
No excel please! One bond of face value 100 with 5% semiannual coupons costs 75.73. A similar bond with 8% semi-annual coupons costs 112.14. Both
No excel please!
One bond of face value 100 with 5% semiannual coupons costs 75.73. A similar bond with 8% semi-annual coupons costs 112.14. Both are redeemable at par in n years and have the same yield rate i. (a) Find i. (b) Find n.
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
