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Please don't solve by excel, by hand writing please. thank you Question 13.11 You are given the following information about Bond X and Bond Y
Please don't solve by excel, by hand writing please. thank you
Question 13.11 You are given the following information about Bond X and Bond Y : Both bonds are 10 -year bonds with semiannual coupons, redeemable at their par value of 10,000 , and both are bought to yield an annual nominal interest rate of i, convertible semiannually. Bond X has an annual coupon rate of (i+0.02), paid semiannually. Bond Y has an annual coupon rate of (i0.02), paid semiannually. The price of Bond X is 2,816.93 greater than the price of Bond Y. Calculate i. A 3.6% B 4.8% C 6.0% D 7.2% E 8.4%Step by Step Solution
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