Question
Suppose that a bond pays semiannual coupons in the sequence 35, 40, 35, 45, 35, 50, ... , 35, 95. If the redemption value is
Suppose that a bond pays semiannual coupons in the sequence 35, 40, 35, 45, 35, 50, ... , 35, 95. If the redemption value is 2500 dollars and the yield rate is 8.2 percent convertible semiannually, what is the price of the bond?
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Handbook On Second Lien Loans & Intercreditor Agreements
Authors: Mark N. Berman, Jo Ann J. Brighton
1st Edition
0981865593, 978-0981865591
