Question
Suppose that a 15-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that increase by 1.7 percent
Suppose that a 15-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that increase by 1.7 percent per coupon. If the last coupon is for 80 dollars and the yield rate is 8.2 percent convertible semiannually, what is the book value of the bond immediately after the 11th coupon is paid? Hello, I have attached some chegg links to problems that have been solved that are the same but with different numbers, maybe it will be helpful. I will make sure to thumbs up if the answer is correct.
https://www.chegg.com/homework-help/questions-and-answers/suppose-16-year-bond-face-value-3000-dollars-redeemable-par-pays-semiannual-coupons-increa-q105498488?trackid=e202e9366bae&strackid=b11f8f551017 https://www.chegg.com/homework-help/questions-and-answers/suppose-16-year-bond-face-value-3000-dollars-redeemable-par-pays-semiannual-coupons-increa-q105498463?trackid=a708d418c1fe&strackid=b11f8f551017 https://www.chegg.com/homework-help/questions-and-answers/suppose-16-year-bond-face-value-3000-dollars-redeemable-par-pays-semiannual-coupons-increa-q105478586?trackid=68ef395d1ef3&strackid=b11f8f551017
Suppose that a 15-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that increase by 1.7 percent per coupon. If the last coupon is for 80 dollars and the yield rate is 8.2 percent convertible semiannually, what is the book value of the bond immediately after the 11 th coupon is paid? Answer = dollars. Suppose that a 15-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that increase by 1.7 percent per coupon. If the last coupon is for 80 dollars and the yield rate is 8.2 percent convertible semiannually, what is the book value of the bond immediately after the 11 th coupon is paid? Answer = dollars
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