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Show all relevant work on each problem, including the EOV used to receive full credit. 1. A bond with a par value of 1000 and
Show all relevant work on each problem, including the EOV used to receive full credit. 1. A bond with a par value of 1000 and coupons paid semiannually using a coupon rate of 6% convertible semiannual is redeemable for 1050 in four years. It is purchased for 969.21. a. Write the equation of value from which you can solve for the yield rate b. What is the annual yield rate convertible semiannually
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